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 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 Charlies magnet activity (assume the current/new tax laws are in effect)? Be as brief as possible in providing your answer.