Do I need separate tax forms since I’m self-employed through crafts?
Most craft sellers file Schedule C for business income and Schedule SE for self-employment tax.
You hear about Schedule C and Schedule SE and wonder if they apply to you. The form list feels intimidating.
The IRS generally requires individuals to report all income earned from business activities, regardless of the amount. While certain thresholds (like the $600 1099-K limit) trigger automatic reporting from payment processors to the IRS, they do not necessarily define a vendor's individual tax liability. Additionally, while business expenses and reinvestments may reduce taxable profit, they do not automatically eliminate tax obligations. It is important to consult IRS Publication 334 (Tax Guide for Small Business) or a CPA to understand how self-employment taxes and income reporting apply to your situation.
Track income and expenses throughout the year so your Schedule C is easy to complete. Use tax software or a professional to ensure Schedule SE is calculated correctly. Clean records reduce filing stress.
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