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Under certain circumstances, the IRS will consider your business a hobby if it fails to make a profit. The consequence being that you may no longer write off yo
by mauvehaus 4y ago
Under certain circumstances, the IRS will consider your business a hobby if it fails to make a profit. The consequence being that you may no longer write off your business expenses on your taxes.
- kfarr 4y agoIt’s a few years IIRC, something like 3-5 years