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vrgr79wild
Level 2
posted
‎January 21, 2020 9:13 PM
last updated ‎January 21, 2020 9:13 PM

Is schedule C the one to use for income from a flea market booth?

 
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Hal_Al
Level 15
Level 15
‎January 23, 2020 6:32 PM

Is schedule C the one to use for income from a flea market booth?

Simple answer: yes. 

But, see this discussion on hobby income or business income. https://www.irs.gov/newsroom/hobby-or-business-irs-offers-tips-to-decide Schedule C is used for business income

 

Additional reference: https://www.thesimpledollar.com/make-money/is-your-business-just-a-hobby/

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2 Replies
Hal_Al
Level 15
Level 15
‎January 23, 2020 6:32 PM

Is schedule C the one to use for income from a flea market booth?

Simple answer: yes. 

But, see this discussion on hobby income or business income. https://www.irs.gov/newsroom/hobby-or-business-irs-offers-tips-to-decide Schedule C is used for business income

 

Additional reference: https://www.thesimpledollar.com/make-money/is-your-business-just-a-hobby/

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vrgr79wild
Level 2
‎January 24, 2020 10:27 AM

Is schedule C the one to use for income from a flea market booth?

Hal_Al: Thanks for your reply.  It does look like Sch C is the one to use. Could you please help with questions I asked in that post? I am not sure how well the IRS instructions would deal with them. Thanks.

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