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1099-misc income

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D

dkerckhofmax

Guest
my wife sells candles, her income this year was more than costs of selling them. as long as she makes money each year, will this still fall under as a business or hobby according to the rules.
 


J

J. Ducaine

Guest
is someone sending her a 1099 for the sales of the candles? either way, report the income and expenses on schedule C; forget the hobby loss rules as this is a business (at a minimum, this is your tax strategy for treating the income). you can then draw in all of hte other benefits of small business deductions.
 

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