About reporting a loss at tax time: You can't if you only make a few hundred bucks or so. It's considered a hobby and you cannot deduct more than your income on that hobby. E.g. i have a photography hobby as well. It would be nice to deduct all the costs of my camera and lenses if i just would sell one picture :-). But the IRS don't swing that way :)
If it's your principal income than the story becomes much different. On Jan 27, 12:37 am, Nathan <nathan.d.mel...@gmail.com> wrote: > On Jan 26, 3:46 pm, Kevin Duffey <andjar...@gmail.com> wrote: > > > I don't want to sound > > like I am going to cheat the system and not pay taxes.. > > Well, that is what you sound like. > > > The point is, and I know this is at > > the discretion of each developer, but if I only make a few hundred bucks > > over the course of a year, it hardly seems like it's worth while for the IRS > > to even follow up on.. > > It probably is worth it to you to track your expenses that went into > making those few hundred bucks. You'll probably come out ahead and > report a loss at tax time. > > >if I ever get around > > to an app that makes money tho, is it any different than if I were making > > tips as a bartender? > > Yes. Consult your tax advisor, they are not on the same line. > > >might just ignore the tax thing altogether if there is no way for them to be > >caught. > > The IRS can find everything if they do an audit, which you can be > chosen for randomly. > > Nathan -- You received this message because you are subscribed to the Google Groups "Android Developers" group. To post to this group, send email to android-developers@googlegroups.com To unsubscribe from this group, send email to android-developers+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/android-developers?hl=en
