If you invest a ton of personal time
and effort into your hobby, plus you have multiple customers and keep
professional records, your hobby might actually be a business.
Turning your hobby into a
business means you can deduct qualified business expenses. But ,that's only if
you do it right. The IRS has certain criteria that must be met, or your
hobby-turned-business could be challenged. Give us a call at (518) 798-3330 to find out more.
