Hobby Income

AUG333 · ‎September 30, 2021

I occasionally sell photos I take. Is there a limit I can make without filling? How and where do I file income? No 1099...most income received as cash or PayPal deposits.

Bsch4477 · ‎September 30, 2021

Filing requirement depends on your total income. Hobby income, no matter how much, is added to your taxable income.

macuser_22 · ‎September 30, 2021

If you are required to file a tax return then all income must be reported no matter how small.

Enter in TurboTax by search topics for "hobby income:. It will go on the 1040 form Schedule 1, line 8 "other income".

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

OpeA1 · ‎September 30, 2021

Hello AUG333:

There is an excellent resource to help you with that : https://turbotax.intuit.com/tax-tips/irs-tax-return/does-everyone-need-to-file-an-income-tax-return/...

There are several factors to consider, most of which are personal information which you must not post here. So, please take a look at the link provided above. I am sure it will help you.

All the best and thank you for using Turbo Tax!!

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SundayInSalem · ‎September 30, 2021

Enter hobby income in the Less Common Income section of Wages & Income.

Click on the Wages & Income tab
Scroll down to Less Common Income
Select Miscellaneous Income, 1099-A, 1099-C
Select Hobby income and expenses

Unlike self-employment income, you do not have to pay self-employment tax (Social Security and Medicare) on hobby income. You do have to pay income tax.

See: Five Things to Remember about Hobby Income and Expenses