Sat Feb 06, 2016, 02:05pm
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Keeper of the HAMMER
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Join Date: Jan 2003
Location: MST
Posts: 27,190
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Quote:
Originally Posted by just another ref
Was not focusing on that particular game, but rather the statement "I'm not in this for the bucks." What I was thinking of was the first year official, who spends $1000 on equipment, mileage, and a trip to camp, then only works a handful of games and his gross income is half that. If he reports a loss, it may or may not be upheld in an audit.
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My lay understanding is that it takes a few years of losses before the IRS would change it to a hobby.
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