Hobby or Business?

February 7th, 2017 → 11:08 am @

How do you know if you have a hobby or a business?

Blog &Tax Tips for Writers

Years of losses from business can still be deducted

October 1st, 2013 → 8:07 pm @

┬áMany 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 […]

Blog &Tax Tips for Writers

Is all hobby income taxable?

December 19th, 2011 → 2:00 pm @

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 […]

Blog &Q&A &Tax Tips for Writers