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"Being able to justify that you are " actively seeking a profit" is crucial when taking deductions against your self-employment income. Also, as a rule of thumb, the IRS typically won't raise any questions as long as a business shows profits 2 out of 5 years (some recent court cases suggest 3 of 5 years)".
Connelly ★ Basta ★ DBSkis ★ Denali ★ Goode ★ Hobe Lake ★ MasterCraft
Masterline ★ McClintock's ★ Performance Ski and Surf ★ Reflex ★ Radar
Stella Blue ★ Stokes ★ World WaterSki League