Hi slduffy5,
The Supreme Court defines income as "undeniable accessions to wealth, clearly realized, and over which the taxpayers have complete dominion."
http://supreme.justia.com/cases/federal/us/348/426/case.html
Your gift cards sound like they fit into this description of income.
If you have income, then you have business expenses as well. The cost of your computer, internet, electric bill, home office, and more can be considered business expenses.
http://www.irs.gov/publications/p535/index.html
Since you did not receive any tax documents, the IRS is not expecting you to report any income from this. Once you do the math and deduct your expenses, you might have a loss.
Personally, I would not bother reporting this unless this is how you earn a living. The IRS is not expecting you to report gross receipts and you probably don't have income once the expenses are considered. I would not report a loss because the IRS is likely to disallow this as a hobby loss.
I hope this resolves your question. If you need further help with this
issue, please respond to this post.
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