David971
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I think the offset is the best option for me.I tired to enter it as a hobby and i had to pay tax on the reported amount on the 1099-k even though it was a compl...
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I don't know where to enter this info at?enter anadjustment to reflect the cost of these items as an offsetting,negativeamount up to the amount of the income.
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Can you pleaseexplain what isconsidered aHobby expenses in my case?Thank You!
Activity Feed for David971
- Posted Re: 1099-k offsetting? on Get your taxes done using TurboTax. February 10, 2021 5:33 PM
- Cheered Re: 1099-k offsetting? for KathrynG3. February 9, 2021 3:47 PM
- Posted Re: 1099-k offsetting? on Get your taxes done using TurboTax. February 9, 2021 3:46 PM
- Posted Re: 1099-k offsetting? on Get your taxes done using TurboTax. February 9, 2021 3:26 AM
- Posted 1099-k offsetting? on Get your taxes done using TurboTax. February 8, 2021 4:21 PM
- Cheered Re: 1099K from paypal where do i enter it and do i need to? for ColeenD3. January 26, 2021 4:11 PM
- Posted Re: 1099K from paypal where do i enter it and do i need to? on Get your taxes done using TurboTax. January 26, 2021 4:10 PM
- Posted 1099K from paypal where do i enter it and do i need to? on Get your taxes done using TurboTax. January 25, 2021 5:48 PM