When it comes to tax deductions, most people think of things like business expenses or charitable donations. But there’s another category of deductions that can be just as valuable: those related to your hobbies. If you’re wondering how much you can...
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What Is A Hobby Loss Audit
A hobby loss audit is an audit that is conducted to determine if a taxpayer is able to deduct their hobby losses from their taxable income. A hobby loss is the amount of money that a taxpayer loses from their hobby....
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