• Community
  • :
  • Discussions
  • :
  • Taxes
  • :
  • Deductions & credits
  • :
  • Re: Realtor deductions taken to offset wages the last two years with no income the third year. Unsure best approach for tax reporting
AmeliesUncle
AmeliesUncle
Level 15
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

Deductions & credits

You need to look at the "nine factors" to determine if it is a hobby or a business.  If you determine it is a business, claim the deductions.

https://www.journalofaccountancy.com/issues/2013/oct/20138370.html

 

View solution in original post

‎April 12, 2024 2:42 PM
1
9,180 Views
Reply
Bookmark Icon
Powered by Khoros