This question is for hobbyists that receive a 1099-K form from Ebay, are not acquiring inventory for resale, are not concerned about selling for a loss, and do their own Federal taxes. Last year I took the approach of deducting expenses like a business would. Those expenses included all Ebay shipping labels and office supplies (cardboard boxes, tape, labels, etc). The approach of deducting expenses involved Schedule C ( Profit or Loss From Business), Schedule SE (Self-Emplo...

My opinion is this: The reason that 'hobbyists' are not allowed deductions is because someone can EASILY say (as example) they 'go to a different restaurant for Bkfst, Lunch, Dinner as a 'hobby' and then 'write off' mileage, the meal cost itself' etc etc. Then came 'online' selling for the average schmo. So, when you 'collected' those 'things' as a 'hobby' but then decided to 'sell off' your 'hobby'- you are now changing yourself to a 'seller' ie. a 'business' as...

Ideas on Simplifying Federal Taxes for 2025 | Selling

Discussions

Ideas on Simplifying Federal Taxes for 2025 | Selling | eBay Community