When is a Hobby a Business?
by ShadowedOdyssey, Window Shopper
- Created: February 18, 2009, 10:24 am
When is a Hobby a Business, and Do I need to get a licence for my Hobby to sell at fairs?
Also, Do I need to charge sales tax for my hobby, or is this when it becomes a business?
I don't plan on selling all the time, just every so often.
Is there a dollar amount per year that makes it a business?
Im very confused when searching for info on this matter. And I know the gov wants their share if its a 'Hobby Business'.
I dont plan on living off my expenses.
And any profit(if any) will go be for more crafts.
I dont plan on using my hobby for deductions.
And who in my state can I go to, to ask these questions? (I know there are probably seperate state and local stuff I may need to abide by)
I live in Austin TX area.
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