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How do I enter a 1099-K for hobby income?

by TurboTax103 Updated 9 months ago

Hobby income is money made incidentally (you don’t depend on the income), doing what you love. This is different from a 1099-K for personal items sales or self-employment income

The IRS doesn't let you deduct hobby expenses from hobby income because you’re not considered self-employed.

Follow these steps to enter your hobby income in TurboTax.

  1. Sign in to TurboTax and open your return.
  2. Select Search and enter 1099-k.
  3. Select Jump to 1099-k.
  4. Select Yes on the Did you get a 1099-K? screen.
  5. When asked Which type of income is your 1099-K for?, choose Hobby income and Continue to answer the rest of the questions.

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