Blowout Cards Forums - View Single Post - A guide to reporting your taxes and Form 1099s

monkeymcgee · 01-03-2013, 11:16 AM

Nice rundown. Only thing I'd add is regarding the 2% floor on expense deductions for hobby income. Depending on your AGI, that can be a fair amount that you owe tax on.

01-03-2013, 11:16 AM	#4 (permalink)
monkeymcgee Member Join Date: Apr 2010 Location: VA Posts: 7,195	Nice rundown. Only thing I'd add is regarding the 2% floor on expense deductions for hobby income. Depending on your AGI, that can be a fair amount that you owe tax on. __________________ Collecting: money in the bank