turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jidoyle
New Member

I am filing a personal 1040 for 2017 and just received a 1099-K from PayPal for some eBay sales of $1,400. Just a hobby not a business.

I reviewed the requirements for filing as a business but they do not apply.  I have not received anything from PayPal in past years.  I occasionally sell things (and buy as well) but it is certainly not a business.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I am filing a personal 1040 for 2017 and just received a 1099-K from PayPal for some eBay sales of $1,400. Just a hobby not a business.

There is a lot that goes into selling on eBay, and not knowing if you had this as a business or hobby, I thought it best for you to read the TurboTax Taxes and e-bay sellers article for you to determine the one you were for 2017.  If a hobby, you will not have to do anything different for all the other years you filed.  However, if a business you will need to file using TurboTax Self-Employed and the steps to enter the 1099-K is below in TurboTax FAQ.  

https://ttlc.intuit.com/replies/5108144

View solution in original post

3 Replies

I am filing a personal 1040 for 2017 and just received a 1099-K from PayPal for some eBay sales of $1,400. Just a hobby not a business.

Did you already file?
jidoyle
New Member

I am filing a personal 1040 for 2017 and just received a 1099-K from PayPal for some eBay sales of $1,400. Just a hobby not a business.

Just about ready to until this arrived.

I am filing a personal 1040 for 2017 and just received a 1099-K from PayPal for some eBay sales of $1,400. Just a hobby not a business.

There is a lot that goes into selling on eBay, and not knowing if you had this as a business or hobby, I thought it best for you to read the TurboTax Taxes and e-bay sellers article for you to determine the one you were for 2017.  If a hobby, you will not have to do anything different for all the other years you filed.  However, if a business you will need to file using TurboTax Self-Employed and the steps to enter the 1099-K is below in TurboTax FAQ.  

https://ttlc.intuit.com/replies/5108144

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies