Thread: IRS likes YOU
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Old Tue Jun 24, 2008, 08:57am
Emperor Ump Emperor Ump is offline
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Location: The Great State of North Carolina
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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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