Generally, you are self-employed if any of the following apply to you.
- You carry on a trade or business as a sole proprietor or an independent contractor.
- You are a member of a partnership that carries on a trade or business.
- You are otherwise in business for yourself (including a part-time business or a gig worker).
So the IRS considers it to be a trade or business, if it is carried on with the reasonable expectation of profit or making money. If you are in the shoe selling business, and you are doing that on the side to earn extra money, that would be a gig or a small business endeavor. If you are a business/gig, then you would be able to deduct expenses related to your business, versus if it is Other Income, which would not include the business deductions which would be reported on the Schedule C.
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