Tax Season

[Adam]

Originally Posted by just another ref

Exactly

I'm no accountant, but I'd note that not every game fits that example. Rarely do we drive that far for that little without a mileage stipend to help. A couple of games a year, I may "lose" money.

[just another ref]

Originally Posted by Adam

I'm no accountant, but I'd note that not every game fits that example. Rarely do we drive that far for that little without a mileage stipend to help. A couple of games a year, I may "lose" money.

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.

[Adam]

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.

My lay understanding is that it takes a few years of losses before the IRS would change it to a hobby.