February 7th, 2017 → 11:08 am @ Carol Topp
How do you know if you have a hobby or a business?
October 1st, 2013 → 8:07 pm @ Carol Topp
Many authors and other self-employed business owners seem to think that if they suffer years of losses, their business will be classified as a hobby (which is quite punishing from a tax perspective). But, I always explain that a business can have years of losses and still be considered a legitimate business. Here’s an excellent […]
December 19th, 2011 → 2:00 pm @ Carol Topp
Is all hobby income taxable? Yes; anything you make from writing, your blog, etc is taxable income, even if it’s just a hobby. Come back next week for as another hobby writing question is answered! Or subscribe to my RSS feed or newsletter on the home page to get these blog posts sent to […]