So, you report it as income when you receive it.
Just as you do when you sell something on e-bay and on craigslist.
Just as you do when you sell something on e-bay and on craigslist.
Yeah.... just like when I do that.... which I do every time I sell something on craigslist....
I read a short time ago on the IRS website that hobby income is not taxable unless you make a profit at it. But that's neither here nor there: I don't think anyone's fooling themselves about how serious the fedgov is about non-dollar denominated transactions... particularly not those who know who Robert Kahre is.