I've sold some used items along with new items, and it's less than $2,500 for the year. We aren't deducting any type of business expenses such as office space, internet cost, etc so how do we report this? As a hobby income?
How to report sales from Mercari using FreeTaxUSA?
byu/AdvantageNo3180 intax
Posted by AdvantageNo3180
1 Comment
If you are just doing this as an occasional thing and it is not supporting you, then likely “Activities not engaged in for a profit” aka hobby. You report this on Schedule 1 line 8j to the Form 1040.