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Looks like I will have to fill US Tax Code Schedule C form with my regular filings from now on because I'm collecting a lot of money with my #LEGO hobby. How exciting! I get to play self-employed accounting while not staking my livelihood on it!
#LEGO
Then you will need this important advice from "The Accountant":


Tax Scene

😉
Make your Lego hustle into an S Corporation and you can file a Schedule K instead!
@Brad Koehn ☑️ Whoa whoa whoa, I'm not there yet with your fancy letter at the back of the alphabet.
So, doing the actual tally for 2022 of my LEGO purchases/sales, it looks like I made $1,000 profit for the year! 🤯

Of course, overall I believe I'm still in the red but this still means that going forward I can relax a little my decisions to restore sets or not, even if some wouldn't be profitable on paper.
This entry was edited (1 year ago)