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RE: How Ignorance & Laziness May Be Costing You 40% More On ALL Your Expenses (And How To Cash Out Steem Profits Tax-Free)...

in #money7 years ago

Agree and also like to add that a hobby with an intent to make a profit is defined as a business. And this idea fits well with this new hobby of many of us called steem(it). If we keep track of steem revenue when exchanged to fiat through some fiat account, then we may be able to deduct "business" (hobby) expenses. This may even potentially include travel, computer, and other expenses related to the steem hobby / business. Surely food for thought t considered that may benefit many of us when properly thought out and exercised.

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