@user17689381264 wrote: My ETV for the year was less than $600 so I’m not even going to receive my 1099 but I still believe it’s fair to at least pay some type of tax on the items I reviewed. ...
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@user17689381264 wrote: My ETV for the year was less than $600 so I’m not even going to receive my 1099 but I still believe it’s fair to at least pay some type of tax on the items I reviewed. It's not about fairness. The law states you need to report all income, including the income you received under the 1099 threshold. Just because Amazon doesn't need to report your income doesn't mean you do not need to report it. Also, keep in mind that if Amazon is audited, your name may still be mentioned. @user17689381264 wrote: I feel as though submitting it as business would be wrong as that I’m not a business nor do I own one You don't need to own an actual business to be active in business activties. There are several reasons why this could be considered a business (see here: https://www.irs.gov/newsroom/heres-how-to-tell-the-difference-between-a-hobby-and-a-business-for-tax-purposes). @user17689381264 wrote: I look at it as an exchange or barter system rather than cash earned. Receiving goods in exchange for services, which is exactly what Vine is, is considered bartering. Many states in the US consider bartering a business activity, and you may even have to pay sales tax (I believe this is the case in CA, NY, and WA, possibly in more states) or general excise tax (HI), even though you didn't actually purchase the items. You may want to check with a CPA in your state to check on your specific law. Also, on a federal level, you might find this interesting, too: https://www.irs.gov/taxtopics/tc420 Please note, I am not a tax consultant. I am a Viner, like you. Not only do I believe I should file as a business based on the IRS guidelines, but also because my state (HI) requires it as they consider this both bartering and a taxable business activity. While I don't like it because of the General Excise Tax, it does allow me to write off certain things. The downside has a bit of an upside 🙂 Either way, consider talking to a CPA, even just once, so you can understand what the applicable laws are for you.