Since the 2018 tax bill, it makes an even bigger difference if you are making money through a hobby or if you are a business, i.e., you can document several ways that you are serious about developing this income. Now, you can only claim deductions if you are a business, not if you are making income from a hobby.
excellent videos by Matt. very clear and to the point. keep them coming.
Great video! Please consider discussing this topic again, with updates and guest experts.
Since the 2018 tax bill, it makes an even bigger difference if you are making money through a hobby or if you are a business, i.e., you can document several ways that you are serious about developing this income. Now, you can only claim deductions if you are a business, not if you are making income from a hobby.