PSA

[CigarMan]

As a CPA let me assure you that it is NOT legal to deduct prostitutes' and strippers.  I know that the news about Hunter Biden got your hopes up and I wanted to help you avoid ugly audits.

[dogwalker]

i'm not a CPA but if this is about deducting hobbies, then my understanding is those hobbies have to be incoming generating which our type of hobbying does not.

[jimmiet]

i'm not a CPA but if this is about deducting hobbies, then my understanding is those hobbies have to be incoming generating which our type of hobbying does not.

Amen to that!

[eldritch]

So no happy ending for my taxes.   

[dogwalker]

unless you accept the potential consequences of a failed audit. The  IRS definition of a hobby is way different than ours.

[Romanticlover]

Can we deduct it as a loss?

...asking for a friend

[bladegunner]

im not looking for a lady, im just looking for a friend...

[dogwalker]

no because I'd guess it would have to be a business / revenue loss (again with the disclaimer I am not a CPA)