I have a couple of clients who have had losses on sch f and some on sch c for almost
20 years. They have very little income and tons of expenses. I give a warning about
hobby loss rules and sometimes give them articles I have found. It does not deter them.
Maybe it would be a good idea to send them elsewhere, but I need all the income I
can. I know they can go across the road and have it done.
These people have gotten away with these losses for a really long time and probably assume they can for some time.
Anyone with any of these clients? How do you advise them??
Thanks
20 years. They have very little income and tons of expenses. I give a warning about
hobby loss rules and sometimes give them articles I have found. It does not deter them.
Maybe it would be a good idea to send them elsewhere, but I need all the income I
can. I know they can go across the road and have it done.
These people have gotten away with these losses for a really long time and probably assume they can for some time.
Anyone with any of these clients? How do you advise them??
Thanks
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