Business & farm


@eedw9 wrote:

Does it have to be reported on Schedule C?  Could it be reported as "Hobby Income", especially if the child is a full time high school student and just does this on the side?


 

Generally, if it is an ongoing activity with the intent to make a profit, it would be a business on Schedule C.  However, you should look at the "nine factors" to decide if it is a business or if it is a hobby.

 

https://www.irs.gov/newsroom/heres-how-to-tell-the-difference-between-a-hobby-and-a-business-for-tax...

 

https://www.journalofaccountancy.com/issues/2013/oct/20138370.html