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Page General » General Discussion
Archived [ARCHIVED THREAD] - Tax question: "Hobby expenses"???
Posted: 2/4/2006 6:42:18 AM EDT
I am using TurboTax to do my taxes this morning.  In doing my deductions, it asked for any "Hobby expenses".

Can I really deduct my guns, holsters, ammo, training, etc???

Need help ASAP.  Thanks guys!!
Link Posted: 2/4/2006 6:45:14 AM EDT
[#1]
If it sounds to good to be true.....


But tag just in case.
Link Posted: 2/4/2006 6:45:35 AM EDT
[#2]
short answer: no, you can't

even if you could, it would be a wash at best.
Link Posted: 2/4/2006 6:47:56 AM EDT
[#3]
More detail, it says:

"Hobby expenses (limited to the amount of hobby income your report)
Link Posted: 2/4/2006 6:59:04 AM EDT
[#4]
Can only be deducted to offset hobby income.
Link Posted: 2/4/2006 6:59:51 AM EDT
[#5]
Quoted:
Can only be deducted to offset hobby income.


That's what I had figured out.  Lord knows I haven't had any INCOME off this!  
Archived [ARCHIVED THREAD] - Tax question: "Hobby expenses"???
Page General » General Discussion
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