Get your taxes done using TurboTax
To enter your Hobby information:
- Type hobby expenses in the search bar.
- Click on Jump to hobby expenses in the results bar.
- Enter your information.
Note: Prior to tax year 2018, hobby-related expenses could be deducted, but this is no longer the case.
- Per IRS Publication 535 Chapter 11, page 42: No miscellaneous itemized deductions allowed. You can no longer claim any miscellaneous itemized deductions, including the deduction for repayments (claim of right). Miscellaneous itemized deductions are those deductions that would have been subject to the 2%-of-adjusted-gross-income limitation
The Hobby expenses box, in TurboTax, is a place holder in case hobby expenses become deductible in future years.
Additional information: Do I have to report hobby income?
