- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yea, the amount is high, but I don't make a penny off of it, nor is it anything with any kind of business records or process, nor could I live off of it. It's just random stuff like an air fryer, legos, shampoo, whatever that I get for "free" and I just have to write a review on amazon's website. So they give us this estimated tax value of the item, which in it of itself is flawed because the value of the product changes, but whatever. Point being, I'm not making any kind of profit off of it, it's just this arbitrary number of value. So I feel like that is a hobby, and my CPA agrees, it's just the very fact that it's a 1099-NEC is what is throwing him. But as long as it's normal for NEC to be on a schedule 1, I'm good
March 14, 2023
8:34 AM