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Get your taxes done using TurboTax
All understood. I have also referred to the Tax Tips link you sent. I can't say my endeavors are hobby or business.
Here's the scenario that I am sure many may encounter.
In selling a good or service, where labor and materials produce the end result, who determines the value of said labor (ie. my labor to create or produce the end product) ? This is VERY important in addressing the potential for a business or hobby model.
I realize this is NOT an ebay board, I believe they will be biased, and I have a better chance of getting a better answer here. I'll cut to the chase, I market a product that is the direct result of my labor and materials, the product in and of itself is a gift, and I am charging a fee for my labor and materials only. My listing is written exactly as such. So in the real world I am exchanging labor and material for an amount that the buyer will pay.
Business, hobby, casual sales ? The end result is created on demand. What do you think ?
I am thinking that I won't be doing any more ebay.
Thanks again,
Steve