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Self Employment Hobby Tax? You have a hobby of weaving and you work to polish your skills in your free time without a profit motive. You meet all the criteria of hobby, but if you sell a sweater or knitted scarf or anything, you are liable for income tax. If the activity is considered a hobby and if you make income from it, you need to fill Form 1040 on Schedule 1, line 8, other income section. The income would be subjected to income tax but not self-employment tax. 👉Contact Us - 🌐Explore more - https://sntcpa.com/ 📞Call us - (281) 305-8224 #BookkeepingServices #Texas #Tomball #Houston #MonthlyBookkeeping #sntcpa #AccountingServices #business #Accounting #TaxPreparation #TaxServices #LLCFormation #tax2022 #taxlaws2022 #corporatetax #corporatetaxlaw #reducetax #savetax