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Business & farm
I use TT Desktop - thus you can't see the returns. I understand about the IRS thinking this must be a hobby but you are also assuming that he was the only one working. I was supporting the family while he was out trying to earn a wage driving a truck. By the time everything was taken into account, we showed operating losses. In trucking there are a lot of non-cash items that have to be taken into account and that is what ate up anything that could have been considered income.
I will just be conservative and see what I can do. Thanks.
March 21, 2024
9:01 AM