Paying taxes on scrapping

Originally Posted by mthomasdev

Here is an IRS link about business vs. hobby:
Is Your Hobby a For-Profit Endeavor?

link to distinguish between business and hobby:
Income & Expenses

5 basic tax tips about hobbies:
Five Basic Tax Tips about Hobbies

Hope these help everyone.

Just a disclaimer, I am not a tax professional. I do however do my own taxes and these include my wifes business, my side business, rental property and other investments (stocks, etc.)

That's good info right there.

That got me thinking then... If you're selling on Ebay, can you write off your Ebay and Paypal fees as expenses? Cause they just take and take and take....