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When he isnt working at Paddys Pub (his full-time job), Charlie makes magnets in his spare time. Once a year and just for fun he

When he isn’t working at Paddy’s Pub (his full-time job), Charlie makes magnets in his spare time. Once a year and just for fun he sells his magnets at the local McPoyle Craft Fair in town. During the year, Charlie incurs $683 of expenses in connection with his magnet activity and realizes $153 in revenue from his sales at the craft fair. What are the tax consequences of Charlie’s magnet activity?

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TAX CONSEQUENCES OF CHARLIES MAGNET ACTIVITY Starting up a parttime business for Charlie was a good idea however it comes with some taxable consequences The launch of a new business comes with many st... blur-text-image

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