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January 22, 2020
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Is schedule C the one to use for income from a flea market booth?

  • January 22, 2020
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    Best answer by Hal_Al

    Simple answer: yes. 

    But, see this discussion on hobby income or business income. https://www.irs.gov/newsroom/hobby-or-business-irs-offers-tips-to-decide Schedule C is used for business income

     

    Additional reference: https://www.thesimpledollar.com/make-money/is-your-business-just-a-hobby/

    1 reply

    Hal_Al
    Hal_AlAnswer
    Employee
    January 24, 2020

    Simple answer: yes. 

    But, see this discussion on hobby income or business income. https://www.irs.gov/newsroom/hobby-or-business-irs-offers-tips-to-decide Schedule C is used for business income

     

    Additional reference: https://www.thesimpledollar.com/make-money/is-your-business-just-a-hobby/

    January 24, 2020

    Hal_Al: Thanks for your reply.  It does look like Sch C is the one to use. Could you please help with questions I asked in that post? I am not sure how well the IRS instructions would deal with them. Thanks.