Re: [VFB] Hackle ???/buying books

[Wes Wada]

IRS rules say that you need to show a profit for 3 of the first 5 years 
of your business, otherwise you are considered a 'hobbyist' and are not 
eligible to deduct expenses.  There are other factors beyond the 3 in 5 
rule that will weight things in your favor, such as printing business 
cards, opening a bank account in the name of your business, etc.

Wes Wada
Bend, Oregon
Deborah Duran wrote:

How many years can you be in the red anyway?