Thread: Can one deduct cost of a kit car as a hobby?
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Old 03-19-2007, 09:08 AM
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392cobra 392cobra is offline
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No Hobby Income,No Hobby Expense Deduction.

The expense deduction can't exceed the income either.

Tommy is dead on.
Last edited by 392cobra; 03-19-2007 at 09:21 AM..
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