First 1099

I sold digital art and received all my payments directly through PayPal, do I need to file a formal Schedule C even without an official LLC?

Receiving payment through PayPal and not having an LLC does not by itself determine how the income is reported. For digital art sales, the main factors are often whether the activity is treated as a business or a hobby, how regularly the sales occur, and whether the payments were for goods or servic

Talk it through with a licensed KGOB CPA and leave with a clear next step. Browse more questions