Reporting Rebate Bonuses

[shbqqa]

I received a 1099-K from Paypal, most of this income was rebates for products, rendering the products free. I understand rebates themselves are not taxable; however, many of the rebates "overpaid" me for the products (e.g. I paid $30 for item, but I got a $40 rebate) as an incentive to try the product. Would the $10 profit be reportable income in this case? If so, would it be clearest to report this 1099-K under via "Other Miscellaneous Income"? Or might it be better to report it as Self-Employed under the job title "Household Product Tester" ? 

In case it helps, I believe it counts as self-employed income in my situation since I made a lot of money with this, rather than "hobby" income. 

Thank you!

[MinhT1]

If you are doing the work as a product tester on a regular basis with the intent to make money, then this work is self-emplyment and you should report your income and expenses on Schedule C of your tax return.

You could then report all the rebates as income and your product purchase as business expenses.