Carol asks…What is considered hobby income?On tax software it's asking to enter hobby income but above that is a line that says descriptions and amount. So would online writing be a hobby income amount without giving the name of the company? Or under the description and amount part?
Thanks!admin answers:Hobby income is something you do for recreation and not to earn money (eg a woodworker who sells what he makes at flea markets to earn money to make more stuff). A "real business" is meant
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