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Old 02-05-2008, 04:06 AM   #12
Ladyhawk
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Join Date: Oct 2006
Location: Virginia
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If your business does not show a profit for 3 out of 5 years in existance than it is considered a hobby. Writing off part of your home as an expense can red flag the IRS and if you sell your home it must be taken into consideration at that time.
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