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I have been wanting to sell some items online through etsy and facebook, as well as go to a couple of farmers markets, however I am not sure about where the line is between selling items to fund a hobby, or when it becomes a business that the IRS can put their hands in to. According to a FAQ (or one of the discussions, can't find it now but when I can I will post the ling) on etsy, it is still constituted a hobby so long as the income does not exceed cost, and is not used as a primary income. If I wanted to have a booth at a farmers market or at a fair do I have to have a business license? What is the line between hobby and business for blacksmiths who are selling items?