Expenses of a hobby are deductible to the extent of the gross profit from the hobby, but only as miscellaneous itemized deductions before 2018 and after 2025.

Question

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Before the Tax Cuts and Jobs Act of 2017, taxpayers could deduct hobby expenses as miscellaneous itemized deductions to the extent of hobby income. The Act suspended these deductions for tax years 2018 through 2025.

Expenses of a Hobby Are Deductible to the Extent of the Gross