Archived posting to the Leica Users Group, 2010/03/09
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Nevermind...
Bob Adler
http://www.rgaphoto.com
On Mar 9, 2010, at 10:12 PM, Nathan Wajsman <photo at frozenlight.eu> wrote:
Nicolas is in Paris, so all this US tax talk is irrelevant in the context of
his question.
Cheers,
Nathan
Nathan Wajsman
Alicante, Spain
http://www.frozenlight.eu
http://www.greatpix.eu
http://www.nathanfoto.com
Books: http://www.blurb.com/bookstore/search?search=wajsman&x=0&y=0
PICTURE OF THE WEEK: http://www.fotocycle.dk/paws
Blog: http://www.fotocycle.dk/blog
On Mar 10, 2010, at 3:06 AM, Richard Man wrote:
That's a rule of thumb, not an actual rule.
If you can argue that you have been trying to run it as a business, it's
fine if you don't make a profit.
Of course, you should definitely consult a tax advisor...
On Tue, Mar 9, 2010 at 5:08 PM, Bob Adler <rgacpa at yahoo.com> wrote:
Rule is once every 5 years you must show a profit.
And *always* show every penny of income...
But don't quote me; consult your tax advisor...
Bob Adler
Palo Alto, CA
http://www.rgaphoto.com
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