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No, in order to take this deduction the income would have to come from a qualified trade or business. If you are reporting the income as hobby income then you cannot take the deduction. If you are reporting it as business income, subject to self-employment taxes, then yes it qualifies.
No, in order to take this deduction the income would have to come from a qualified trade or business. If you are reporting the income as hobby income then you cannot take the deduction. If you are reporting it as business income, subject to self-employment taxes, then yes it qualifies.
As an aside, under the new tax law, there is no provision to deduct Hobby expenses. Thus, gross 2018 Hobby income will be taxed.
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