![The reality of trying to escape the tax man. [843x811 - 120KB]](https://pic8.co/sh/cfAKoG.jpg){kind=link}
You’re writing off losses incurred by your side business.
I’ve oversimplified everything, and to really use this, you should work with an accountant.
https://www.curleyrothman.com/blog/how-will-your-business-be-taxed-on-profits
You’re writing off losses incurred by your side business.
I’ve oversimplified everything, and to really use this, you should work with an accountant.
https://www.curleyrothman.com/blog/how-will-your-business-be-taxed-on-profits
Right but isn’t there a limit to this? I’ve heard the kike IRS can declare your side biz as a hobby and ask for all the taxes at once.
Right but isn’t there a limit to this? I’ve heard the kike IRS can declare your side biz as a hobby and ask for all the taxes at once.
You can declare as much loss as possible, but it will only offset the income taxes. They won’t give you more than you put in; at best you just don’t put any in.
You can declare as much loss as possible, but it will only offset the income taxes. They won’t give you more than you put in; at best you just don’t put any in.
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