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Deductions & credits
That is correct.
As long as it is hobby income and not a self-employed business that you carry on to make money, you should be fine.
Your intent also drives whether or not this is a business or a hobby.
Please see the attached link for more information to help you determine whether your activity is a hobby or if it could be considered a business.
Hobby versus Business comparison
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‎January 25, 2021
1:02 PM
2,045 Views