Business Versus Hobby
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How to Prove Your Hobby Is a Business
Be ready to prove that your hobby is a business if you want to write off your losses.
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Can You Deduct Your Hobby Expenses?
While you can deduct certain hobby expenses, the deduction is subject to lots of limitations.
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Beware the Hobby Loss Rule: A Potentially Very Costly Mistake for Taxpayers
If the IRS thinks you have a hobby instead of a business, it could cost you a lot in taxes.
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The Profit Motive: What the IRS Looks For
Learn what factors the IRS looks at to decide if something qualifies as a business.
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When an Artist's Work is a Business Versus a Hobby: IRS Analysis
Even if you never make a profit, an artist's activity may be business under the IRS analysis.
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