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Get your taxes done using TurboTax
@sonnieburris , generally this would be a sole proprietorship business and there fore the gross income and the expenses ( allowable ones ) associated with this income stream , would be reported on Schedule-C . Note that net gain is subject to Self-employment Tax ( Equivalent of FICA for wage earners but at 15.3% ) -- Schedule-SE.
TurboTax when informed of self-employment / sole Proprietorship business will help you fill out all the required forms.
This assumes that you are operating with profit motive and not hobby
Is there more I can do for you ?
‎February 22, 2025
6:11 PM