3009685
Hello,
I received a 1099-K from Ebay because I sold a few thousand dollars worth of action figures from my personal collection I had from 1998. Last year I was told to enter the amount of money i paid for shipping for 2021. I dont see where to enter the amount i paid for shipping last year. Do i deduct the shipping i paid for last year? if so, how do i do that? ( i have the deluxe version)
Thank you
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If you do not intend to earn income from these activities and it is sporadic income you will receive you need to enter your 1099-K and expenses related by following the steps below. If you are intending to earn a profit and plan to continue these activities, the IRS will consider you self-employed and you will need to enter the 1099-K and expenses on a Schedule C. See Am I considered self-employed? for more information.
To enter your hobby or uncommon income in TurboTax Online:
If you do not intend to earn income from these activities and it is sporadic income you will receive you need to enter your 1099-K and expenses related by following the steps below. If you are intending to earn a profit and plan to continue these activities, the IRS will consider you self-employed and you will need to enter the 1099-K and expenses on a Schedule C. See Am I considered self-employed? for more information.
To enter your hobby or uncommon income in TurboTax Online:
Hello,
Thank you for your response. On Step 13, the negative number would the amount in Box 1a from my 1099-K but negative ? and how would I type a negative number in my TurboTax?
Step 13 is your original cost of the action figures you sold. You can make the number negative my typing "-" in front of the number.
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