I've entered my 1099-K gross payments that were processed through my PayPal account. Are expenses the prices of items I paid to then resell or is that a separate section?

[cgwilk23]

TurboTax is asking me if I had any expenses associated with my 1099-K ebay and paypal activity. So, I'm asking if this is where I declare the costs of goods sold or is that a separate area where I declare that?

[KathrynG3]

The area to declare the expenses is on Schedule C. If you are in the business of buying and selling goods on e-bay, you are self-employed. 

For more information on how to enter these details, see: A Tax Filing Factsheet for eBay Sellers - TurboTax Tax Tips & Videos

How do I enter a 1099-K in TurboTax Online?

Am I considered self-employed?

@cgwilk23