Question
Hi, I’m from MA and sold some of my clothes online using paypal invoice in a online yard sale manner. I received a 1099-k, as in MA paypal must generate a 1099k if you made over $600. I read the other posts and instructions here and understand this is not taxable income, and I am not a small buisness. I need to fill out this income under miscellaneous income, putting the amount I made, and then placing that same amount as the amount spent. I am a full time student with no taxable income, and now turbo tax is saying I have to upgrade to the deluxe account just to report my not taxable 1099-k. Considering the money I get from the tax return, if anything, will barely cover the amount Turbo Tax is trying to charge me, is there a free way to report this? I don’t mind doing extra work if it means saving money. Thank you!
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