I suppose technically I could/should. But if there is no profit
there is no tax. And profit is what would be reported as income.
I'd need about a hundred customers before showing a profit. I'm still in the single digits so far.
I'll likely track revenues and expenses just to be sure. It may be that this never really amounts to anything and just stays as a small-time, cash-only hobby that loses money, but provides a minor subsidy for my other hobbies.
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In response to this post by TomTurkey)
Posted: 08/14/2018 at 5:54PM