- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
when I had clients audited for possible hobby losses, one thing that helped the taxpayers win was to have a business plan which show steps that would be taken to turn the business profitable. this doesn't mean that you need one. if the IRS should allege that you have hobby losses you would need to show how the activity will eventually become profitable.
March 19, 2023
5:05 PM
3,568 Views