Is your hobby actually a business?

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 to find out more.

Post by Appelrouth