Do I have to pay taxes on the crafts I sell?
- AmyLv 75 months ago
You pay social security tax and income tax on the profit (not revenue) of your business.
You may also need to collect sales tax for the state that you sell in.
- STEPHENLv 75 months ago
You pay tax on income from whatever source other than specific exceptions. Crafts are not an exception.
- JudyLv 75 months ago
yes, federal and state also if you have a state income tax, and local
- 5 months ago
Yes, that is income, and subject to income tax.
- What do you think of the answers? You can sign in to give your opinion on the answer.
- Max HooplaLv 75 months ago
You do if you have a profit.
- EvaLv 75 months ago
Yes, it's self employment income. You also may be required to collect and remit sales tax on the items.
- Anonymous5 months ago
You have to report all profit and pay taxes obviously. Big government always wants their cut of your sales....
- GTBLv 75 months ago
yes that is how things operate