The “Sharing Economy” is a term that loosely covers things like Uber/Lyft drivers, making money on eBay/Amazon or other online sources, as well as bartering. The tax implications of the sharing economy are sometimes hard to determine but the IRS recently released a video with general explanations. A link is below.
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Cheers!
Thomas C. Hodge
Founder
Hodge Group LLC
3943 N. Austin Avenue
Chicago, IL 60634
773.237.6369
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