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Deductions & credits
No. There are several problems. 1) She can't deduct your expenses on her taxes. 2) Hobby expenses are no longer deductible under TCJA. 3) Unless you have a formal business structure, she can't invest. At most, this is a loan or a gift.
In order for it to be a business, on your tax return, you would have to meet qualifications that prove this is not a hobby.
‎June 1, 2019
12:24 PM