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Ignoramus17245 Ignoramus17245 is offline
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Default tax question: switching over from hobby to business?

On 2008-08-27, Jon Anderson wrote:
Talk to an enrolled agent, you might be better off leasing
the equipment to the business. Being a lease, the cost is a
write off.


But Grant would get rental income, which he would need to report, it
is a wash.

Jon


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