Quote Originally Posted by mxrider42
This year would be a lose but next year I could turn a profit IF everything comes out as planned. What are the profit cutoffs for determining if it is a business or a hobby?

Thanks
Trey
http://www.irs.gov/newsroom/article/...169490,00.html
http://www.irs.gov/pub/irs-pdf/p535.pdf

Archive those links!

-Jason