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  2. Internal Revenue Code section 183 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    For a business (activity engaged in for profit), income and expenses are listed on Schedule C (and the net income result carries to line 12 of the Form 1040). All expenses are used, even if they create a net loss. For a hobby (an activity not engaged in for profit), income and expenses are listed separately.

  3. Navigating the fine line between business and hobby - AOL

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  4. Tax Tips: Is it a hobby or a business? - AOL

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  5. Texas Department of Licensing and Regulation - Wikipedia

    en.wikipedia.org/wiki/Texas_Department_of...

    The Texas Department of Licensing and Regulation (TDLR) is a state agency of Texas. TDLR is responsible for licensing and regulating a broad range of occupations, businesses, facilities, and equipment in Texas. [1] TDLR has its headquarters in the Ernest O. Thompson State Office Building in Downtown Austin. [2] [3]

  6. 4 Steps To Turn Your Hobby Into a Business, According ... - AOL

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  7. Income tax on gambling - Wikipedia

    en.wikipedia.org/wiki/Income_tax_on_gambling

    The service argued that Section 165(d) precluded the taxpayer from engaging in gambling as a "trade or business." [4] The Tax Court held that the taxpayer's gambling was a business activity and allowed the deductions. In essence, the court held that Section 165(d) only applies when a taxpayer is at a loss instead of a net gain and “serves to ...

  8. 5 Questions to Consider Before Turning Your Hobby Into a Business

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  9. Hedonic damages - Wikipedia

    en.wikipedia.org/wiki/Hedonic_damages

    Hedonic damages is a legal term that first emerged in 1985 in the research of Stan V. Smith, who was a PhD student in economics at the University of Chicago. The term refers to damages for loss of enjoyment of life, the intangible value of life, as distinct from the human capital value or lost earnings value.