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Old 07-05-2010, 07:52 PM
  #3  
nlgh
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Join Date: Feb 2010
Location: SW Iowa
Posts: 1,137
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Your accountant (or a friend who is a CPA) should be able to tell you about what you have to make for it to be a business. If you don't make enough, it is a HOBBY and not a deductible expense. I know, as my mom's ranch was not making a profit every year, and our accountant was getting concerned. Mom has been gone 5 years now, and I am about to close her estate at last.
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