Hello, I am in Virginia and have received a 1099K from PayPal. I have been collecting unemployment benefits for the past year but was also selling clothes and video games and received payments on paypal. Now I have a 1099K from paypal because I have received over $600 which is the new threshold. I dont have a small business and was doing this just to get rid of things. I didnt even profit from the sales. Ive heard I have to file it as a Schedule C but im sure that will interrupt my unemployment benefits by stating that I was self-employed when it was a hobby. Just need advice on how to continue filing. Would it be ok to file this under the Misc Income category?
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Here is the way to report it without reporting as Schedule C income.
Here is the way to report it without reporting as Schedule C income.
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