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I own a shop on a site similar to Etsy- howevern, in 2017, I made less than 40$ of profit from it. Do I still need to include this on my taxes?

 
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I own a shop on a site similar to Etsy- howevern, in 2017, I made less than 40$ of profit from it. Do I still need to include this on my taxes?

Yes, the IRS expects taxpayers to report all income, including small business profits, if otherwise required to file a return.

If you had no other income in 2017, you are not required to file a return.

See Do I Need to File a Tax Return?

https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return


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I own a shop on a site similar to Etsy- howevern, in 2017, I made less than 40$ of profit from it. Do I still need to include this on my taxes?

Yes, the IRS expects taxpayers to report all income, including small business profits, if otherwise required to file a return.

If you had no other income in 2017, you are not required to file a return.

See Do I Need to File a Tax Return?

https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return


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