Question

I submitted my 1099-K from Etsy. Is there an area where I can include expenses as a line item for deductions, or is that only for the self-employed?

Forum|Forum|3 years ago
January 26, 2023
1 reply
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For example, I spent over $500 in shipping and over $2,000 on having the items made to sell.

TurboTax Self Employed Online

Money earned and reported on form 1099-K is considered self-employment income. In order to claim expenses you will need to upgrade your TurboTax package to the Self-Employed package. Doing so will guide you through to make sure you are taking all the expenses and deductions allowed for your self-employment income.

Follow this link to learn more about what expenses you can deduct: What self-employed expenses I can deduct?