When you’re self-employed, it’s important to know where to report your hobby income. This can be a little confusing, since the line where you report your hobby income may vary depending on how you classify your business. If you classify your...
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When Etsy Counts As A Hobby Irs
In the eyes of the Internal Revenue Service (IRS), online marketplace Etsy can be considered a hobby rather than a business, which could lead to tax implications for sellers. According to the IRS, in order for an activity to be considered...
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