VincentL
Expert Alumni

Tax law changes

You will need to determine if you are involved in a hobby or a business. Hobby losses are not deductible. Review the following websites:

 

When the IRS Classifies Your Business as a Hobby

https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...

 

Tax Guide for Small Busines

 

https://www.irs.gov/pub/irs-pdf/p334.pdf

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