It depends. In reading your original post regarding your sport cards, these are considered capital assets. You purchase these at face value and expect to resell these at a profit. These are personal investments for you rather than a business. This is the same principle as buying stock and bonds and reselling these in the future. In this context, you would be paying either long term or short term capital gains tax rather than self-employed income. Sports and Pokeman cards are definitely collectibles and capital assets. In this case, you have the the intent of buying and selling these at a profit as investors normally do.
Now, is the decision-making time to declare this as a business or as a personal investment. If you conduct large scale trading on a daily basis involving a multitude of transactions, then you may considered this as a business. The NAICS code is 523999, Miscellaneous Financial Investment Activities. This code represents sales of a broad spectrum investment activities but would be the most accurate
In my opinion, i would not classify this as a game store (code 451120) unless you actually have a online retail game store set up as a website. This code would suggest that you are in the business of retailing new toys, games, and hobby and craft supplies. This would include sport card sales, Pokeman Card sales or Monopoly game sales.
The NAICS code for selling collectibles (tangible of course) is 453310. This would suggest that you are in the business of selling used collectibles. Sports cards and Pokeman cards in their original conditions and unopened are not used collectibles so this would not be the appropriate code to use.
Hopefully, I have given you some food for thought and provided some guidelines on whether to report your trading as personal investments or treat it as a business. It depends on the volume of business that you wish to conduct.
@rwom1217
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