IRonMaN
Level 15
03-23-2023
07:23 PM
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" I don't see any where to enter as an itemized deduction?"
And there is the problem with hobby losses. But having losses three years in a row doesn't make it a hobby. The main question is ---- is there a real intent for the owner to make money out of the gig? If there is no real intent to be profitable then it is a hobby. But just because someone is having trouble getting out of the starting gates or isn't the greatest business owner doesn't automatically push it into the hobby category.
Slava Ukraini!