Hand Tools Archive

Subject:
Re: An OT question
Response To:
An OT question ()

John in NM
In the US, I would report the retail value of the tools under "other income" (line 21 on the 2012 form). This is also where you report any cash income from the pursuit of a hobby. When I sell gunstocks and similar parts, this is where I report that income. On the rare, rare occasion that I sell any furniture, that is where I would report it as well. That hasn't happened in years of course :D

The one time I asked a tax professional about how big hobby income can become before it is considered a business, the answer I got was along the lines of "if you need to worry about it, then it should be a business". Swell :b

Messages In This Thread

The Veritas Shooting Plane - Reviewed
An OT question
Re: An OT question
Re: An OT question
Just furniture? :D
Re: An OT question *LINK*
Re: An OT question
Re: An OT question
Re: An OT question
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed *PIC*
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Thanks for the review
Re: Thanks for the review
Re: Thanks for the review
Re: Thanks for the review
Re: Thanks for the review
Re: Thanks for the review
Re: Thanks for the review
Stanford deserves a compliment here
Re: Thanks for the review
The eagle just swooped down..... *PIC*
Re: The eagle just swooped down.....
Negates much of the benefit of the skewed blade?
Re: Negates much of the benefit of the skewed blad
Not so ...
Derek is right
Varieties of ramped boards
Re: Varieties of ramped boards
There is something new under the sun
Another way to shoot veneer ..
Re: Another way to shoot veneer ..
Planing and edge stabilization
Sandpaper shooting
Re: Varieties of ramped boards
Re: Or 99%
Re: Not so ...
Chiming in.....
Re: Rotator cuff
Re: Rotator cuff
Re: Rotator cuff
Thanks, Roger! *NM*
Re: Chiming in.....
Re: Chiming in.....
The way I see it
That's a pretty plane, Roger
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Give it up, Fellas...
Re: The Veritas Shooting Plane - Reviewed
Methodology, I got a chuckle...
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Funny, my take-away...
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: The Veritas Shooting Plane - Reviewed
Re: On arrows
Shooting Star
Excellent review and discussion, Derek
A doddle?
Re: A doddle?
Re: A doddle = Bobz your uncle
Bravo, Derek! *NM*
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