Tax Tips: Avoiding “Hobby Loss” or “Not-for-Profit” Classification
Starting to get those tax forms in the mail, aren’t you? Didn’t we just pay our taxes last year? Jeez. This article from Writers Weekly “provides guidance to those concerned that their profit motivated trade or business activities remain deductible, particularly in those cases where losses have been generated in the past and/or are expected to continue to be generated in the future.”
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