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

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

webste32
New Member

If I sell products via a site like Teachers Pay Teachers, how do I report the income?

 
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 Reply
Carl
Level 15

If I sell products via a site like Teachers Pay Teachers, how do I report the income?

As far as the IRS is concerned, since you sell product you are self-employed and "in business" for yourself for that specific income. So you will report all of your business income & expenses on SCH C as a part of your personal tax return. You'll get to that point in the program as you work it through. But Basically, all business income/expenses is entered under the Personal Income tab, Business Items section, heading under that section of "Business Income & Expenses (SCH C)"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question