So I am an accounting student and have just been getting into the tax portions finally. I'm curious, tax wise how you all report if you breed.
Do you report as a Hobby and use the hobby loss to remove the income from the sales you do have(since most say you are at a loss)
Or do you actually do it as a business (S-Corp, sole prop, partner etc.) and if so how do you record your reptiles for tax purpose?