Tax write off - for buying computer etc

Doing small apps for hobbies etc. But work in a megacorp and earn 6 figures.

I wonder if some of you do a tax write off based on the side hustle?

  1. 1

    As long as someone is paying you for the side hustle, it's a great idea to write-off computers, etc. You'll have to file a Schedule C, but you don't need to form an LLC or any other business entity. You can take a loss for at least 3 years before the IRS questions whether it's a business or a hobby.

    1. 1

      PS, it's considered "business equipment" a Section 179 tax deduction

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