Deductible expenses related to an activity that is considered a hobby, and that are not otherwise allowable, are treated as miscellaneous itemized deductions and can be deducted only to the extent they exceed two percent of A.G.I.

Question

Quizplus · Accepted Answer

Deductible expenses related to a hobby are treated as miscellaneous itemized deductions and can only be deducted if they exceed two percent of adjusted gross income.

Deductible Expenses Related to an Activity That Is Considered a Hobby