The Most Asked TAX QUESTIONS for eBay & Hobby Sellers

Today we compile the 7 most commonly asked TAX related questions for Hobbyist, Sports Card Collectors, eBay Sellers, and more. Direct from an outstanding FRANK ( @Baseball Hall of Fame Autographs ):

1:35 How serious is a 1099?
3:11 Do you pay taxes on Revenue or Profit?
4:20 When does your hobby become a business?
8:01 How much flexibility do you get with deductions/expenses?
14:30 Should I be focusing more on COGS or End of Year Inventory?
17:30 Where does eBay Sales Tax fit into the equation?
21:00 Is going CASH ONLY a better route for a Seller / Dealer?
22:47 Where do you actually report your 1099?

Email Frank at: frankr@schreiber.cpa -- Mention you found him from Bench Clear!

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