Hobby or Business?

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The IRS’s Hobby Loss Rules puzzle many people, especially those rocking the side gig. A general rule of thumb is that if your business is profitable for two out of the last five years, it’s a business. But that isn’t the whole story.

Today you can find me on the FreshBooks blog, sharing tips for keeping your side hustle out of the dreaded Hobby Loss zone.

Image: StockSnap.io/Lia Leslie

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