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Originally Posted by kjcmsw  I was just reading a rebuttal/response on the rip off report where someone basically described a breeder as one who has bred a litter..etc., etc., isn't this the same thing "technically" ? - if you 'sell' dogs - that is take money from someone for what you have sold them - you are in fact a 'business' (you don't have to have a business name, tax id # - you're a business...under the table or however) Selling dogs - even that one accidental litter someone had - is a business, which a business can be short or long term. Using politically correct terms doesn't change what it is. Some people use the term "hobby breeder" well, once you take money for "your hobby" you're now out of the hobby and into a business (even if you didn't report your "earnings" to the IRS).
I think everyone gets so caught up in the terminology that the importance of the message is lost. |
Did you know that if someone makes money off of a "hobby" they are supposed to report that to the IRS, too?
Business or Hobby? Answer Has Implications for Deductions