This sounds like a rationalization to me. The business either cashflows or it doesn't. Sounds like it doesn't. That means your time is being put in for LESS than zero. If you turn a net profit - that's good... if you don't then it is time to relook at that.
Well I could not allow it to cash flow because I was getting disability income from my insurance company. Call it working the system but I paid almost 30 years of premiums and needed that return on that investment for my future since I was too young to start cashing in all my retirement money and leaving myself penniless in my old age.
As far as paying your mom 1099. I can see that - but that would be MORE cash going out... making the business even more negative.
The reason why I'd do this is to let Mom see that there is no free lunch.
If she wants the help she's gotta do her part and paying her own taxes is part of her part. It's more of a psychological thing than reality I know but dealing with a 79 year old stubborn lady needs a little psychological manipulation.
As the details are coming out (vs the OP), your situation is looking less and less rosy. You have jointly titled assets (vs saying you owned them and no mention of your mother on the title). You have a partner (mom) who is uncooperative with selling, buying you out, or letting you withdraw your equity. Basically - it sounds like you need to get a job.
I can appreciate that and I've hired myself. No job is really going to hire me given my physical limitations and age.
I understand you have medical issues - but there have to be some INCOME producing activities you can participate in. You say you want out of the medical field but I'm not sure you can be so choosy when it looks like you are spending more than you have coming in. I don't see any way around this unless you can make the ebay business profitable enough ON PAPER (and real life) to cover your expenses.
I know all this sounds harsh. But it sounds like you need a reality check.
Not harsh. I'm aware that my situation is not sustainable without a huge stroke of luck in my ebay business. If not then I will sell my home and just rent somewhere else cheaper until Mom passes away which admittedly may be after me at the rate I am going. LOL
Step one: Tear up the credit cards.
Step two: find cheaper insurance with the new year. Look into the ACA (Obamacare) insurance - it will likely be much cheaper than the $1100/month you're paying.
I am paying $500 now. It was only the first year that I was paying $1100 but since have switched to the cheaper plan. I had the more expensive plan while I was working so it had to continue for the first year until open enrollment so I could switch to the HMO. I live in FL and the ACA plans are horrible. I need medication coverage and I know $500 seems a lot but if I were to pay my own meds that would be more than $1500 a month right there. It's actually cheaper to pay the retirement insurance and pay $35 for medication copays than to try to go it with ACA and a piece meal plan. I am pretty much uninsurable. Our governor opted out of the exchanges so the plans are as much as regular insurance and cover nothing.
Step three - sell what you can to pay off debt.
Step four - find a way to make a profit in your business. It doesn't matter if you sell an item for $100 if your expenses to make and sell it are $101.... You need to cut costs in the products, or sell for higher prices.
I do wish you all the best. I was in over my head in my late 20's due to bad spending habits. The fear of losing my job (and having it all crash in on me when I wouldn't be able to service the debt) caused me a lot of angst. I was able to turn depression into resolve (with the help of some therapy, I'll admit) and pay off the debt and build my savings. But the first thing you have to do is make a realistic plan and work it without fail.