Tax Deductions for Hobbies – The Burns Firm – Advisors of Complex Financial Matters

Hobby-Related Loss Deductions Are Disallowed, but Don’t Give Up Hope

June 24th, 2025|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Hobby, Hobby Loss Rules, Tax, Tax Advisor, Tax Cuts and Jobs Act, Tax Deductions, TCJA, Texas CPA, The Burns Firm|Tags: cpa near me, Hobbies and Tax, Hobby Losses, tax, tax advisor, Tax Deductions for Hobbies, TCJA, The Burns Firm|

Let's say you have an unincorporated sideline activity that you think of as a business, including an activity involving horses. If you have a net loss (deductible expenses exceed [...]