Bluepeace123
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You're screwed either way. If it's a hobby, you can't write anything off but you're only taxed at the lower rate. If it's a business, you can write everything o...
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They answered on the other post. Here was the response:According to the IRS "If you sold an item you owned for personal use, such as a car, refrigerator, furnit...
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That's not exactly what I was asking. I apologize for not being clearer. How much does the IRS tax a person for income made from a hobby vs. the amount a person...
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I'm thinking that I might need to repost the question.
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I'm not a tax person, but I do sell on eBay. They collect and keep the state sales tax on the items you sell. What they do with it is beyond me, though.
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- Posted Re: How do deductions work with regards to selling on online stores on Self employed. September 4, 2022 3:14 AM
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- Posted Re: Difference in Hobby vs. Self Employed Income on Self employed. August 31, 2022 5:05 PM
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- Posted How do deductions work with regards to selling on online stores on Self employed. August 31, 2022 1:12 PM