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Shirley you see my point
which is, if we can legitimately show a loss...think about it..we are doing it just for fun and of course a little exercise, gettn out of the house, camaraderie, and some etc here probably.
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You have to show a profit at least some of the years, (something like 2 out of the last 5?) otherwise the "business" becomes a "hobby". You would still need to report the income, but you cannot deduct any expenses because they would not be related to a "business".
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M&M's - The Official Candy of the Department of Redundancy Department. (Used with permission.) |
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In LA, I suspect, that hobbyists rule the day. ![]()
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Never hit a piñata if you see hornets flying out of it. |
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Owner/Developer of RefTown.com Commissioner, Portland Basketball Officials Association |
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Oh Canada ...
Don't have to, or just don't? I'm not familiar with Canadian tax laws.
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"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." (John 3:16) “I was in prison and you came to visit me.” (Matthew 25:36) |
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We usually capitalize the R when referring briefly to the Old One.
My son is starting baseball this spring, but he's not Jr. And how the heck did I get drawn into this? I feel like M&M now. ![]()
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Cheers, mb |
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Or he violated the first rule and now has a whistle with a pea [sp]. And that has made him a tad grumpy.
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Never hit a piñata if you see hornets flying out of it. |
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Feeling a little sensitive after the light shone once on you? ![]()
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Cheers, mb |
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Answers that are less than 5 words are usually safe.
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Even if you’re on the right track, you’ll get run over if you just sit there. - Will Rogers |
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