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Get your taxes done using TurboTax
You are engaged in an activity to make a profit. You therefore have a business. Don’t overthink it. You have income from sales which you report on Sch C and you have expenses like the cost of the cards which you also report on Sch C along with any other expenses like postage if applicable. Your net income will be taxed at your marginal tax rate and you will pay 15.3 percent for self employment tax.
September 16, 2024
3:58 PM