Hobby income
If i have non-taxable hobby income, can i enter my 1099-k income and then cancel it out under "other income"? I heard its not taxable and this was how you do that.
If i have non-taxable hobby income, can i enter my 1099-k income and then cancel it out under "other income"? I heard its not taxable and this was how you do that.
Hobby income is taxable on a federal tax return.
Go to this IRS website for information - https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-paying-taxes-on-their-hobby-activities
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