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You are replying to this message: | | Posted by LisaKT/CA on 2/5/19 6:58pm
Actually, it’s not a minor point. The IRS may declare that a business is, in fact, a hobby, not a business if the owner is ridiculously undercharging, has more deductions (home office, equipment depreciation, travel, insurance, courses, supplies) than revenue ($5 total for multiple signers). |
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