Sole Proprietor and 1099K deductions

[NoraZ]

I file as a sole Proprietor with my personal taxes.  My 1099K (EBAY) does not include the deductions for fees, shipping etc. I do not see anywhere to take any deductions.  Do I have to have an LLC to take these deductions?  The standard deduction is still  not equal to the cost of fees & shipping. 

Thanks 

[RobertB4444]

The standard deduction has nothing to do with your sole-proprietorship.  You need to file a schedule C.  In TurboTax that is in the 'Business Items' section of the wages and income section on your federal return.  When you click start next to the schedule C there the system will walk you through entering your 1099-K and then will take you to an area where you can enter all of your business expenses - all of the expenses that you had in order to earn the money on the 1099-K.  Once you have done that you will only be taxed on the money that you got to keep.