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jmdavis
New Member

I had an auction

How do I enter this Income?
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1 Best answer

Accepted Solutions
RichardG
New Member

I had an auction

Unless you find that you made a profit from the auction--you brought in more money that what the items cost to purchase or the cost of materials, there's nothing to report.

If you did manage to make a profit, report that as hobby income.  

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3 Replies
RichardG
New Member

I had an auction

Were you just selling your own items?
jmdavis
New Member

I had an auction

Yes Items my husband collected in years of working and crafting
RichardG
New Member

I had an auction

Unless you find that you made a profit from the auction--you brought in more money that what the items cost to purchase or the cost of materials, there's nothing to report.

If you did manage to make a profit, report that as hobby income.  

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