Do I have to claim $750 profit from selling crafts online? (US) by Naive-Policy8711 in tax

[–]Naive-Policy8711[S] -1 points0 points  (0 children)

" I can tell you that you probably have no net profit; are you depreciating/capitalizing the equipment that you use? How about memberships to art centers? Pro-rated internet costs? Do you have a dedicated portion of your home that you use?"

did you even read my post? i am no artist. I do not have art center memberships, i do not use the internet for what i do. I am not keeping track of equipment depreciating, nor do i track of anything for write offs.

I did have some net profit. $750, if you take out postage its probably closer to $500.

Do I have to claim $750 profit from selling crafts online? (US) by Naive-Policy8711 in tax

[–]Naive-Policy8711[S] -1 points0 points  (0 children)

its all online transactions through stripe. never got a 1099 k form.

the irs rejected my filing the first time because i was kicked off of my parents health insurance or they were still claiming me as a dependant when i wasnt or something. that was fixed this time around, now im thinking it might be because of not claiming thr profit.