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Good Afternoon,
Thank you for including information about the Form 2106 Frequently Asked Questions and Expenses website, IRS Classifies Your Business as a Hobby, and Form Schedule C.
In other words, even if the business had no income in 2023, continue to report it on Schedule C and include my vehicle on Schedule C even if I do not have any expenses.
Please advise,
BAdams
‎April 11, 2024
1:49 PM