Nick 5
Returning Member

How would I report Income Generated to form a business and then Income Generated from the Business

To support the start-up costs of a consulting business, I plan on selling unrelated assets (eBay) generating at most a total gain of less than $10k.  This income would not be attached to any business but since it would be over $600 I'm assuming it would be seen as a side gig in 2024?  How do I file this in Maryland apart from my typical job income.  Then at a later time with these funds I would then form a sole proprietorship consulting business most likely in 2025 also in Maryland.  I believe this business would be an SSTB within the QBI phase-in range meaning it would earn less than $182,100 of generated income.  Please advise regarding quarterly filing for these two different sources of income.