Ask the taxgirl: Hobby Expenses | taxgirl
WWW.TAXGIRL.COM - Taxpayer asks:I run a hiking group online, and lead regular events with about $25 expense for each and an annual subscription to meetup and admin supplies.Can this be a hobby tax deduction? I don’t make a profit, but sometimes get a contribution.Taxgirl says:It sure sounds like a hobby at this point. Any income that you receive should be reported as “other income” on line 21. ...
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