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February 19, 2023
Question

Under the 1099-K threshold, how to report?

  • February 19, 2023
  • 1 reply
  • 0 views

For the past few years we have been receiving a ebay 1099-K for our ebay business, but this year our sales was under the $20,000 and we did not meet the threshold.  What is the proper way to enter/report the sales and deductions?

1 reply

VolvoGirl
Employee
February 19, 2023

You have to report all your income from your own records.  Just enter it as Other self employment income or as Cash or General income.  You don't need to get a 1099NEC or 1099Misc or 1099K.  Even if you did you can enter all your income as Cash.  Only the total goes to schedule C.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653