So you’ve just found out that your hobby can actually make you extra money — congrats! Now, how do you know when it transitions from being a hobby to a full-blown business?
In this week’s episode, we’re breaking it down for you so you can find out:
The difference between hobby and business income.
How the IRS determines if you’re running a hobby or a business.
How deductions and expense tracking work for each income type.
Whether you’re a blogger, painter, or simply love creating handmade goods for friends and family, this episode is for you!
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