I've made money selling used clothing via websites like The RealReal (online consignment stores). Should I report this as income?

[SabrinaD2]

Yes, you should report the income from selling used clothing on websites like The RealReal Here's how to do it in TurboTax:

1. Determine the Type of Income:
   • If you sell items occasionally and not for profit, it might be considered hobby income-
   • If you sell items regularly with the intention of making a profit, it's considered self-employment income

Report Hobby Income: - If you receive a 1099-K

1. Use the search box (magnifying glass at top right of the screen) to find "1099-K" and click the "Jump to" link.
2. Enter the income under "Other Income"

Report Hobby Income: - If you did not receive a 1099-K (Original Post)

1. Log in to TurboTax and open your tax return.
2. Navigate to the Hobby Income Section:
3. Go to Federal.
4. Select Income.
5. Scroll down to Less Common Income.
6. Click on Miscellaneous Income, 1099-A, 1099-C.
7. Choose Hobby Income and Expenses.

Report Self-Employment Income:

1. TurboTax Online/Mobile: Use the search box to find "self-employed income" and click the "Jump to" link.
2. TurboTax Desktop: Search for "Schedule C" and select the "Jump to" link.
3. Enter your income and expenses in the self-employment section. TurboTax will generate Schedule C for you

For more detailed guidance, you can refer to the TurboTax support articles on reporting income from selling used clothing and reporting self-employment income