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Tax Year Prior to 2020: eBay sales considered a business?
In 2018 I mostly sold used bike parts on eBay that I had which totaled around $3000 for the year. I'm not sure if I should consider this a hobby or business when I file my taxes. Most of the bike parts I bought I didn't have the intention to sell them when I bought them but have not used them in a while so I figured I would get some extra cash. I have not gotten any tax forms from eBay or Paypal so would it be best to file this as a hobby or a business with the IRS?
Thank you in advance.
‎January 28, 2019
6:02 PM