Tax
Is my side hustle a hobby or business for tax?
Quick Answer
The IRS uses 9 factors centered on profit motive to distinguish hobby from business. Hobbies must report income but cannot deduct expenses post-TCJA — losses disallowed. Businesses report on Schedule C and fully deduct expenses against income.
Warren Team
Updated April 26, 2026
38
Warren Team
Updated April 26, 2026
38
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