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EAST TEXAS HOG DOGGERS FORUM
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dogs and taxes
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Message #188412
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Topic: dogs and taxes (Read 1050 times)
dub
Hog Doom
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Posts: 4288
Re: dogs and taxes
«
on:
January 03, 2011, 09:41:46 pm »
If it is a hobby you can deduct expenses only up to your profit from your hobby. That way you can avoid income tax from your hobby. If it a business then you can take expenses up to your taxable income and have carry fowards and carry backs. But you have to convince IRS you are a business because they decide.
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