
Hannah Cole: Simplifying Taxes for Artists and Creative Professionals
The Jesse Mecham Show
00:00
How to Make Money in a Hobby
The number one thing artists and creative people get audited over is the issue of whether you're running an actual business, which is allowed to take deductions or you're running a hobby. Hobbyists don't get to take deductions. The profit motive is the basically the guiding star of the IRS. And it's something that is super important for creative people. You need to try and fit into the business zone.
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