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generalLast updated: 1/10/2025

Uncertainty about when a 'hobby' legally becomes a 'business'?

The IRS and HMRC look at profit motive. If you track income/expenses, market yourself, and depend on the income, it's a business. If you do it sporadically for fun with no intent to profit, it's a hobby. Platform income is rarely treated as a hobby once it crosses reporting thresholds.

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