business vs hobby

You have a reasonable expectation of making a profit

• business

• hobby

You invest significant personal time and effort. You depend on the resulting income.

• business

• hobby

Your expenses are ordinary and necessary to run your business

• business

• hobby

You have a track record in this industry and/or a history of making profits

• business

• hobby

You have multiple customers or professional clients

• business

• hobby

You may sell occasionally, but making money is not your main goal.

• business

• hobby

It's something you do in your free time; you make the bulk of your money elsewhere

• business

• hobby

Your expenses are driven by your personal preferences and not strictly necessary

• business

• hobby

your customers are mainly relatives and friends

• business

• hobby

You dont have professional training in the field and have rarely or never turned a profit

• business

• hobby