RobertG
Expert Alumni

Get your taxes done using TurboTax

Here is the IRS position.

 

"If a taxpayer receives income for an activity that they don’t carry out to make a profit, the expenses they pay for the activity are miscellaneous itemized deductions and can no longer be deducted. The taxpayer must still report the income they receive on Schedule 1, Form 1040, line 21."

 

See the IRS website: Tips for taxpayers who make money from a hobby

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