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Old 01-03-2013, 12:16 PM   #4 (permalink)
monkeymcgee's Avatar
Join Date: Apr 2010
Location: VA
Posts: 7,280

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 for some projects around the house | hope to be back picking up sketches in 2015
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