Business & farm

Thank you for the response! It was very helpful!

I guess its not really a new law, but I was referring to the one in 2018 that doesn't allow deducting hobby expenses.

 

I am getting hung up on the hobby vs business. The factors listed by IRS make it sounds like I need to depend on it for my livelihood which is far from the truth. I'll profit some, but this will never be what I rely on. My hobby/business has generated 1300 sales since May which seems like it'd easily be classified as a business except for the livelihood factor.

This will be for 2023 that will file next year.