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Old 01/07/2008, 12:38 PM
pnosko pnosko is offline
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Join Date: Dec 2001
Location: Germantown, MD
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No, and while I agree that the "making profit in 3 out of 5 rule" is more anecdotal than factual, Chrysler isn't a good analogy here either. For someone that wants to make a business out of their hobby to help support/defray the costs, I think the above "rule" isn't unrealistic. If you started such a business and go 2-3 years with a loss, I would think the IRS is going to ask why you are continuing to pay out of pocket to stay in business.
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