I have a 1099-K from PayPal for action figures I sold on eBay (not a business). How do I report it? Turbo Tax is not letting me enter it. Deduct eBay fees & shipping?

mdweinstein55 · ‎June 1, 2019

It's not a business just selling action figures, etc that I had to make space and pay bills. It was not done as a business more like a garage sale mindset. PayPal sent me a 1099-k and said they filed with the IRS. I have Turbo tax but it is not letting me enter the 1099-k. Also how would you deduct the eBay fees and shipping? Trying to avoid doing anything wrong.

MarilynG · ‎June 1, 2019

You would report the 1099-K as Self Employed Business Income, on Schedule C. Then you can deduct all expenses you had in connection with this income.

Type 'schedule c' in the Search window, then 'Jump to schedue c' to get started.

Here's more info:

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

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I have a 1099-K from PayPal for action figures I sold on eBay (not a business). How do I report it? Turbo Tax is not letting me enter it. Deduct eBay fees & shipping?