You need to focus on several things when doing a side hobby apart from your real job.  Is it a business or a hobby?  You need to ask that question because the IRS will ask that question if you have a history of losses.

You need to focus on several things when doing a side hobby apart from your real job. Is it a business or a hobby? You need to ask that question because the IRS will ask that question if you have a history of losses.

Is Your Side Hussle a Hobby or a real business?

The Business Advisor is hosted by Michael Lodge, a nationally certified business mediator and advisor. He has been in private practice since 1984 and has been is various types of business entities throughout the United States and Asia. Mr. Lodge has owned and advised many forms of businesses clients that have included tax firms, healthcare and staffing, construction, real estate, sports and entertainment, and others. As a mediator he mediates business issues that include family small businesses, workplace conflict, real estate, estate and trust disputes, various business disputes between partners and owners of businesses. His experience counts in providing advice and mediation. If you have a business question, send it to: <a href="mailto:TheBusinessAdvisor@zmail.com" rel="noopener noreferrer" target="_blank">TheBusinessAdvisor@zmail.com</a> Join his podcast today.<hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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The Business Advisor is hosted by Michael Lodge, a nationally certified business mediator and advisor. He has been in private practice since 1984 and has been is various types of business entities throughout the United States and Asia. Mr. Lodge has owned and advised many forms of businesses clients that have included tax firms, healthcare and staffing, construction, real estate, sports and entertainment, and others. As a mediator he mediates business issues that include family small businesses, workplace conflict, real estate, estate and trust disputes, various business disputes between partners and owners of businesses. His experience counts in providing advice and mediation. If you have a business question, send it to: TheBusinessAdvisor@zmail.com Join his podcast today. Hosted on Acast. See acast.com/privacy for more information.

The Business Advisor is hosted by Michael Lodge, a nationally certified business mediator and advisor. He has been in private practice since 1984 and has been is various types of business entities throughout the United States and Asia. Mr. Lodge has owned and advised many forms of businesses clients that have included tax firms, healthcare and staffing, construction, real estate, sports and entertainment, and others. As a mediator he mediates business issues that include family small businesses, workplace conflict, real estate, estate and trust disputes, various business disputes between partners and owners of businesses. His experience counts in providing advice and mediation. If you have a business question, send it to: <a href="mailto:TheBusinessAdvisor@zmail.com" rel="noopener noreferrer">TheBusinessAdvisor@zmail.com</a> Join his podcast today. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

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Is Your Side Hussle a Hobby or a real business?

Is Your Side Hussle a Hobby or a real business?