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"I don't see anything at the link that was posted upthread that addresses hobby income."It says: "Answer Yes on Do you have hobby income or expenses?"Then it says:On the next screen, enter the Total income reported on your Form 1099-K. Don't enter any expenses.Select DoneTo deduct the cost of items sold: while still in Miscellaneous Income, select Start next to Other reportable incomeAnswer Yes on Any Other Taxable Income?Enter Form 1099-K in the Description field. Enter the total cost of the items sold in the Amount field as a negative number. Note that the amount can’t exceed the income reported on Form 1099-K.I'm not into blind obedience. I would like to know WHY they say not to enter expenses (limited to the amount of income) in the hobby section. They give a field for hobby expenses, which won't allow any more than the hobby income entered. It makes perfect sense to enter it there! So why they say to put hobby income in the hobby section but hobby expenses elsewhere (as negative "Other reportable income" is beyond me. Doesn't that seem odd to you? It sure does to me.I'm not going to worry about it until next year.
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