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<p>[QUOTE=&quot;american2, post: 360138, member: 12060&quot;]Hi, </p><p>&nbsp;</p><p>I recently started a website to sell coins as a way to finance the purchase of other coins. I don&#039;t intend to make much profit, but simply finance the enlarging of my coin collection. Will I need to pay self-employment taxes on the sales income? Or as long as I spend the profit on more coins, I won&#039;t have to pay the self-employment tax? </p><p>&nbsp;</p><p>In another words, would this be considered hobby income, or does it have to be considered business income since I started a website? Would this be considered different than selling a few coins on ebay as part of a hobby? The website only costs 15 bucks to set up for a year - quite a bit less than ebay fees. </p><p>&nbsp;</p><p>Thanks![/QUOTE]</p><p><br /></p>

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