2009 April | Hobby Write

Does the income from a high paying hobby have to be registered as a business to claim expenses?

mishmallow8 asked: Hello,

I am hoping to make money from my hobby but taxes pretty much takes almost half of my yearly hobby income…it’s not registered as a business yet…I am going to pay for taxes on it this 2008…

Can I still claim expenses?

What kind store should I be looking for hobby knives in?

Gary C asked: What kind of store should I look for hobby knives in? I been doing a lot of papercraft and sliding the edge of a scissor just isn’t working for harder models.

How can you convince me,Having children is any different than any other hobby one chooses to pursue? ?

Ryde on asked: Why is it that the expensive ,time consuming, luxury ,hobby of having children should deserve any more subsidy than the hobbies others feel just as passionate about ?
Why does children being sooo precious justify susidization,
Just to clarify , I have no issue with children in the slightest ,only the issue of [...]

I want to start a hobby making wine, how do I start?

tkemankm454 asked: I have been given a bottle of homemade wine from a friend, it is quite good and I have been wondering how I start making wine as hobby.

Starting a Mortgage Company but I need to know when the Hobby Rule makes me unable to deduct the loss?

ebiz1@sbcglobal.net asked: The IRS has a Hobby Rule make money 3 out of 5 years.
What happens if you lose money 4 of 5 years? or lose 5 of 5 years. If you own a yacht charter fishing business, that is one thing but what about a startup company like Mortgage that is not fun!

What do I need to run a 100 amp hobby welder?

mrd asked: I have a 100 amp 110 volt hobby welder. Do I need an outlet just for the welder and what amp breaker. Also can I power it with a 2000 watt generator. Thanks.

How much money is needed to be made for a hobby becomes a bussiness?

sirchadofkent asked: My wife started making cakes for friends and family out of the house and makes a small profit from doing so (I imagine between $500-$1000 net profit this year). From my understanding its considered a ‘hobby’ if not much money is being made, how much money is required to be made before it [...]

What would be a good way to start an essay about a persons hobbies, one that grabs attention?

devilman_rct2 asked: What would be a good way to start an essay about a persons hobbies, one that grabs attention?

Transform Your Garden By Making A Pond

Many of us have appreciated the serenity of a garden pond at some point. A pond can create an exotic landscape that is both relazing and calming. Your family and friends will derive great pleasure from a garden pond that is the focal point of your landscaping. However, you may not be aware that your [...]

Looking for hobby ideas similar to model car building?

ebosgramma asked: My husband has a brain injury and has little short term memory so learning new tasks is difficult. He likes to build model cars but very few local stores carry them. Can anyone suggest an online source for purchasing them? Also, can anyone suggest a similar hobby that he may be able to [...]