Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - tax advantages of guiding "professionally"??

JPowers · 02-27-2003, 01:18 PM

Renting property is completely different than operating a business as far as the IRS is concerned. Apples and oranges.

Your plan, as laid out, will NOT work. What ya got there is a hobby. Losses are non-deductible.

Take my word for it. I know.

02-27-2003, 01:18 PM	#6
JPowers Registered User Join Date: Jan 2001 Posts: 302	Renting property is completely different than operating a business as far as the IRS is concerned. Apples and oranges. Your plan, as laid out, will NOT work. What ya got there is a hobby. Losses are non-deductible. Take my word for it. I know.
JPowers Registered User Join Date: Jan 2001 Posts: 302