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Article Date:
April 2018


Word Count:
530

 

 

Q&A: Loophole to Deduct Hobby Expenses after Tax Reform


Question

 

I read your article about how tax reform killed deductions for hobby activities. I’m a direct seller on the side, and I always deducted my cost of goods sold from my gross receipts before getting to the category rules. Have I been doing this wrong? Did tax reform kill this deduction, too?

 

Answer

 

First, you are doing this absolutely ... Log in to view full article.

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