If you’re like most people, you probably think of Schedule A when you think of tax deductions. This is the form that you use to claim your itemized deductions. However, there are a number of deductions that you can take without...
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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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