Yes, unfortunately this does qualify as reportable income, as it amounts to $6,000 for the year. However, you can claim all the expenses related to the income, so you'll only be taxed on the net (income less expenses).
Since this was or occasional income with no profit motive, you
may report this as a hobby or "Other Income"
on your personal tax return. You may include expenses up to the amount of income, but you cannot report a loss on a hobby. TurboTax
Deluxe online and above will report hobby income & expenses.
This post may help
you decide which is most appropriate: What's the difference between
self-employment income and other income? If you decided this should be a for-profit business, you would report the income and expenses on Schedule C, available in TurboTax
Self-Employed online or TurboTax
Home & Business for desktop.
To find this section
in TurboTax Online, open your return, then go to My Account >> Tools >>
Topic Search. Type in "hobby income, loss", then click the topic in
the list and GO to go directly to the start of this section. Follow the prompts
to enter your hobby income and expenses.
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