This would also be considered a Hobby business. Your losses would be limited to any hobby income you have. You wouldn't be able to take the loss to cover your real income. Hobby-business laws are in place to cover this exact thing. The bright side would be that you are pretty much certain to have enough expenses to negate any income you might manage.
Slashdot Mirror
This would also be considered a Hobby business. Your losses would be limited to any hobby income you have. You wouldn't be able to take the loss to cover your real income. Hobby-business laws are in place to cover this exact thing. The bright side would be that you are pretty much certain to have enough expenses to negate any income you might manage.