Reportable income for eBay sales

[tec6904]

For calendar year 2025 I sold items on eBay totaling $4,616.99.  The sold items cost me $3,236.58 for a net gain of $1,380.41.  I did not consider selling fees, taxes or shipping costs in any amounts as selling is only a hobby to clean out my garage.  I have not yet received a 1099-K and not sure I will.  As reportable income should I report $4,616.99 or $1,380.41.  I have invoices showing the cost of all items sold.  Also where is the amount reported as this is the first year I have ever sold anything on eBay?  Thanks

[Bsch4477]

If you consider your activity a hobby you must report the entire income and are not allowed any expenses. If you are a business with a profit motive you can deduct all business expenses including cost of the items. You will pay self employment tax on your profit of about 15.3 percent as well as income tax. 

[JamesG1]

In TurboTax Online, report the income as hobby income.  Follow these steps:

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Click on the down arrow to the right of Less Common Income.
• Click to the right of Miscellaneous Income, 1099-A, 1099-C.
• Click to the right of Hobby income and expenses.

Reporting self-employment income may require you to upgrade to a more expensive version of TurboTax.

In TurboTax Online, report self-employment income and expense by following these steps.

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Click the down arrow to the right of Self-Employment.
• Click to the right of Self-employment income and expenses.

@tec6904