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[deleted by user]

• kens 6y ago
  > I've been advised that there's an income tax exemption for "hobby income" ... up to 10k USD per year If you're talking about the US, I think you're wrong: you need to declare all your hobby income, and since 2018, you can't deduct hobby expenses. See e.g. https://www.creditkarma.com/tax/i/hobby-income-taxed https://www.creditkarma.com/tax/i/hobby-income-taxed https://turbotax.intuit.com/tax-tips/self-employment-taxes/4-tax-tips-for-money-making-hobbies/L89qz1GNj https://turbotax.intuit.com/tax-tips/self-employment-taxes/4...
  • px43 6y ago
    Ah yeah, looks like things might have changed since I got that guidance. That's annoying. Would be nice if they didn't keep changing things around all the time.