Author Topic: Haha... tax deductions for "hobby expenses"...  (Read 2069 times)


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Haha... tax deductions for "hobby expenses"...
« on: March 02, 2014, 12:42:59 PM »
Was just doin' my taxes and... guess what I came across in deductions area:

I got real excited...

But then I looked up what it means...

This is only relevant if you make money off of your hobby.  So like, if you sell armies or a jobs in your spare time, you could deduct expenses that went into preparing those things to be sold  (I think).
Name:  Matthew Forsyth
Club:  Errybody in the gettin tips
Where I play: basically I only show up for tourneys or when I'm on my way up to New Hampshire to visit my folks.  I live about 45 mins from both stores, to the south.

Rob S

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Re: Haha... tax deductions for "hobby expenses"...
« Reply #1 on: March 03, 2014, 09:54:31 AM »
Makes sense, considering you'd be getting taxed on the income.

It's the throwing phase now.

i was on the receiving end on occasion