T-Town-CPA
Level 4
06-10-2020
03:40 PM
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Great point. They had around $5K in gross receipts, but huge expenses to offset. Any thoughts on justification for hobby/business? The State of Illinois rejected their refund for 2018 because of the years of losses on the business. The comment I received from the agent I talked with said this came right out of the IRS publication and "they should have refused the federal refund by their rules".