- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I change from Business to Hobbyist?
I started a home business selling Jamberry in 2015. Went full speed, booking events, doing home parties... I bought inventory for the events and still have some of it. I filed as a home business for tax season 2015.
Due to some unforeseen events, I backed off of selling Jamberry by mid 2016. I don't think I can file as a business for 2016 since I didn't actively work it as a business after that time, or can I? I did have one big wedding event that I did in January 2016, and a handful of parties...enough to show an income of $1,089.89. I wasn't sure how I needed to file this year...please help!
Thank You,
Beth
Topics:
‎June 4, 2019
11:08 PM