Is Your Business Just A Hobby In The Eyes Of The IRS?
My Wife Quit Her Job
DECEMBER 10, 2017
After reading my series of articles on how to save money on your taxes, a buddy of mine decided that he was going to start taking extra tax deductions by turning one of his hobbies into a business. Hey Steve! You know how I love to paint right? And just the other day I sold a painting to someone on Ebay… Why don’t I just call this a business and declare business losses off my tax return?
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