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Get your taxes done using TurboTax
@Opus 17 just to excerpt a sentence from your last reply...
"Whether your activity is a hobby or self-employment depends on several factors including regularity, intention, and profit motive."
Where is the best resource for determining the correct answers to these factors? Regularity, for example, in my case - there isn't any "regularity" in the sense that I am not required to participate on any form of schedule or timeline. If I accept a product in exchange for my review, my only requirement is that I review 60% of the products I receive. As for intention, I just enjoy writing reviews and did them for products I purchased for years. I was selected to become a member of Vine because I was informed my reviews were useful to members, so I was offered products (of my choosing) as long as I provide an honest review. My intention was simply to keep doing something I like to do. I have 0 intention of using this to make a profit monetarily, and many of the products I choose are often being taxed at a rate that competes with the current pricing because the customers are offered a 30 - 70% off coupon but the taxable value is full price (as expected). So while I do get to keep the products I review, I also am required to keep defective products or poorly rated/reviewed ones that were not advertised properly.
I am not quite sure how I would classify this information. This is my first year participating in the Vine program.