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Tue Jun 24, 2008, 08:57am
Emperor Ump
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Join Date: Jan 2008
Location: The Great State of North Carolina
Posts: 170
Check with your tax professional. My CPA has me claim my baseball income as "hobby income" with a much lower tax rate than self employment. But when claiming "hobby income" you cannot take deductions. In my situation it works out better. YMMV
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