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Retirement tax questions
@RJO wrote:As a clarifier, I'm not operating this as a non-profit. I just meant to convey that I doubt I'll be making a profit on it this year!
That is just fine. The tax code and regulations only require that you intend to make a profit when engaging in an activity to avoid the hobby loss (loss limitation) rules.
‎July 19, 2019
11:02 AM