If an item such as property taxes exceeds the income from a hobby,the excess amount of this item over the hobby income can be deducted if the taxpayer itemizes deductions.

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If a taxpayer itemizes deductions, they can deduct the excess amount of certain expenses, such as property taxes, over their hobby income. This is because these expenses can be considered as itemized deductions on their tax return.

If an Item Such as Property Taxes Exceeds the Income