I thought it was something like that. I think she just wanted to negate my meager salary. :) Deb
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Wes Wada Sent: Thursday, July 21, 2005 2:27 PM To: [email protected] Subject: Re: [VFB] Hackle ???/buying books 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?
