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#6
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![]() From an accountant, the object of a business is to make money, not have losses. And yes, you need income before you can write off expenses.
Losses from a "hobby" are not allowable. If you have a business license, you may get away with a loss if you have taxable income the following year. I would refrain from a frivolent claim which could only cause you problems in the future. |
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