The determination affects how to report income and whether deductions are allowed. The IRS has a landing page (Know the Difference Between a Hobby and a Business) to help in making this determination. Here you’ll find questions to consider as well as links to other resources. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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