kendrasuiyuet
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Can this taxable I come be submitted but also can I fill out a Michigan Form 5674 NOL for the amount as I make no profit for this at all
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Thanks@Vanessa A So what you’re saying is that even though this is hobby income and I don’t seek these items that I will have to pay taxes on 20k worth of free ...
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So what do I do? I can enter the amount in hobby expenses… I’m just not sure if this is the way to go…
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@ColeenD3 I’m given these items free from Amazon to review. I don’t sell them, it is not a business. I make no money from this.
Activity Feed for kendrasuiyuet
- Posted Re: How do I file a hobby expense but with loss? I get free Items from Amazon to test. I don't re... on Get your taxes done using TurboTax. April 15, 2022 3:26 PM
- Posted Re: How do I file a hobby expense but with loss? I get free Items from Amazon to test. I don't re... on Get your taxes done using TurboTax. April 15, 2022 3:21 PM
- Posted Re: How do I file a hobby expense but with loss? I get free Items from Amazon to test. I don't re... on Get your taxes done using TurboTax. April 13, 2022 12:36 PM
- Posted Re: How do I file a hobby expense but with loss? I get free Items from Amazon to test. I don't re... on Get your taxes done using TurboTax. April 13, 2022 12:32 PM
- Posted How do I file a hobby expense but with loss? I get free Items from Amazon to test. I don't resell these. It totals 30k and I can't afford to pay these taxes. Help please on Get your taxes done using TurboTax. April 13, 2022 12:07 PM