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Business & farm
"no schedule C. hobby income (no expenses) is reported as misc income on schedule 1."
This would be my third year operating at a loss which is why I figured I would be required to file as a hobby this year and not claim any expenses. So it's okay to do so, it sounds like, until business picks up? At that point, then I just file a Schedule C again?
‎December 15, 2021
10:15 AM