I self-publish a comic book online for fun, that I do sell, but the profits from sales are extremely minimal (under $50 for '06). Considering preparation and printing costs well exceeded any profits I made, could the expenses of printing and supplies be deducted as 'hobby' expenses when filing my federal return?
Also, I've spent money on supplies like paper, ink, brushes, etc. Could this also be deducted as part of the hobby?
Thanks.
2007-01-03
02:46:38
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6 answers
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asked by
Rob
5
in
United States