I hope I can make it outside the hobby domain as well. :D On Wed, Jan 27, 2010 at 8:55 PM, Nathan <[email protected]> wrote:
> > If you don't have a tax advisor, there are plenty of IRS publications > on the subject of business vs hobby income. I oversimplified in my > last post. > > http://www.irs.gov/newsroom/article/0,,id=172833,00.html > > As it says: "If your activity is not carried on for profit, allowable > deductions cannot exceed the gross receipts for the activity." > - But even then, there is an advantage to taking the deductions you > can. > > I do depend on income from the "activity" and as fun as it is I can't > afford to do it for fun. But lets hope that 2010's profits will make > the question obvious to the IRS. If not, I'll probably need to do > different "activities" in 2010, or even before. > > Nathan > > -- > You received this message because you are subscribed to the Google > Groups "Android Developers" group. > To post to this group, send email to [email protected] > To unsubscribe from this group, send email to > [email protected]<android-developers%[email protected]> > For more options, visit this group at > http://groups.google.com/group/android-developers?hl=en > -- You received this message because you are subscribed to the Google Groups "Android Developers" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/android-developers?hl=en
