Hobby or profit motive?
Posted by taxguru on October 5, 2006
From a reader:
Subject: IRS joke
From Jay Leno, about those two weeks in July when the Dodgers forgot to win:
“[That’s] 11 losses out of 12 games. In fact, today the IRS said they would no longer let the Dodgers deduct their bats as a business expense.”
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