05-24-2022, 09:29 PM
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Bob C.
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Join Date: Apr 2009
Location: Ohio
Posts: 3,275
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Quote:
Originally Posted by Lorewalker
I don't think this is accurate...I understand that one can deduct hobby expenses to the extent of their hobby income. Bob would know MUCH better but if the sales are hobby related, cards sold at a loss can be offset against the gains on the sales of other cards. It just cannot result in an overall loss. I would think that a loss on a sale would be construed as an expense???
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See post #96.
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