If you’re like many Americans, you enjoy spending your free time participating in hobbies and activities. While these pursuits may be enjoyable, they can also be costly. If you’re looking for a way to offset some of those costs, you may...
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What Is The Tax Definition Of A Hobby
What is the tax definition of a hobby? A hobby is a activity engaged in for pleasure and not for profit. Tax purposes, a hobby is an activity not engaged in as a trade or business. The profits from a hobby...
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