NCperson
Level 15
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is this a hobby or a for-profit business - 

 

you can deduct expenses either way, but if it is a hobby, the loss is not deductible.

 

please read below

 

https://www.irs.gov/pub/irs-news/fs-08-23.pdf

 

There is no $500 threshold.  All income must be reported, no matter how small it is. 

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