Hi! I haven't filed yet, so researching how to do this (and why a specific way to file). I've never filed a hobby before. Are there any ways to counter the reported value (income) that Amazon provides? If it's filed as SE income, why can't there be any expenses deducted? It takes a lot of time an effort to manage a Vine program. I realize there is no capital outlay for purchasing items. However, I have purchased tubs and a filing system for each item in the tubs, because it's overtaking my house; and also the cost of a storage shed until I can rightfully sell the items, put them in auctions, etc., after using and reviewing. New at this, so questions and answers are not obvious to me yet. Thanks for any input. If there is no expense offset, then it's going to be WAY more expensive in taxes than I wanted, because I would never purchase most of the items outright. Also, I am retired, and live off SS and savings. Up til now, no taxes due.
