@mforrer wrote:
I just followed your advice. My wife did the Vine thing in 2023 and reviewed $8,000 worth of items. After filling out the Turbo Tax 1099 NEC stuff .. the amount we now owe went up $2,000. It was under the $13,000 you said would exempt us from being taxed at all. Is this correct? Did I do something wrong?
You have misunderstood the discussion.
If your only income is "hobby" income, and it is less than $13,800, you generally don't need to file a return and won't owe tax if you file.
However, if you have any other income, then all your income is taxable, and if you file a tax return for any reason, you must list all your income, no matter how small the individual items are.
Furthermore, if you report Amazon vines as self-employment instead of hobby income, you will pay 15% self-employment tax on your net profit, on top of any income tax you owe.
Whether your activity is a hobby or self-employment depends on several factors including regularity, intention, and profit motive.
