2 Types of income on 1099k

Forum|Forum|4 years ago
January 29, 2022
1 reply
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So I received a 1099k from PayPal and there is 2 types of income on it. One is from selling personal items on eBay and StockX, not as a business. I’ve already received an answer for that saying that I should put it in miscellaneous income and offset the cost off the personal items so I’m not taxed for selling personal items. However the other income on it is from twitch streaming. It’s not very much but I know this has to be taxed, so how do I go about that. Do I just enter another line in miscellaneous income or does this go somewhere else. Am I allowed to split up the income from my 1099k? I should mention my PayPal account is a business account however I see my streaming as a hobby not a business, I only use a business account to hide my address and personal details from viewers.

Not A Product Question

PatriciaV

Employee

Yes, as long as you report at least as much income as is reported to you on Form 1099K, you may report the income in different sections of TurboTax.

Note that hobby expenses were eliminated by tax reform, although you may still report hobby income without Schedule C.

For more info:

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