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    slickpal's Avatar
    slickpal Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 7, 2012, 12:01 PM
    I am on F1, make some money ebaying, what to do?
    First of all I am on F1.
    I sometimes buy clearance stuffs from the local store and sell it on eBay. The profit after everything is not much, say about $50/month. I have two questions?
    1. Is it illegal to earn money this way being on F1 visa status?
    2. If it is legal and I want to pay tax, how do I do it? All I get is W2 from the school.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 10, 2012, 03:12 AM
    You must report your eBay income. This business income and expenses are reported on schedule C or C-EZ (Form 1040). You do not pay SE tax on yourself employed income. Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Mar 14, 2012, 01:16 PM
    Yes, it IS a violation of your F-1 visa, but it is so small that it will probably NOT be noticed. The USCIS has better things to do with their time and resources.
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