http://www.taxgirl.com/fix-the-tax-code-friday-hobby-loss-rules/ Paying taxes is painful... but reading about them shouldn't be. Sun, 12 Feb 2012 17:55:29 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://www.taxgirl.com/fix-the-tax-code-friday-hobby-loss-rules/comment-page-1/#comment-3132 Forget Franchising… Become a College Football Coach! Thu, 29 Nov 2007 22:25:27 +0000 http://www.taxgirl.com/fix-the-tax-code-friday-hobby-loss-rules/#comment-3132 [...] Fix The Tax Code Friday: Hobby Loss Rules [...] [...] Fix The Tax Code Friday: Hobby Loss Rules [...]

]]> http://www.taxgirl.com/fix-the-tax-code-friday-hobby-loss-rules/comment-page-1/#comment-3131 Another Tax Geek Fri, 27 Jul 2007 21:05:07 +0000 http://www.taxgirl.com/fix-the-tax-code-friday-hobby-loss-rules/#comment-3131 Yes, there should be a distinction in that hobby losses should not be deductible in full without limitation. I'd apply the PAL rules to hobby losses, so that the benefit isn't necessarily lost, but that deductions in excess of income are suspended until income is sufficient for them to be used. Yes, there should be a distinction in that hobby losses should not be deductible in full without limitation. I’d apply the PAL rules to hobby losses, so that the benefit isn’t necessarily lost, but that deductions in excess of income are suspended until income is sufficient for them to be used.

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