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Homepage Firm Profile Client Services Info. Center Calculators Contact Info. Change Categories Personal Information Saved Articles Calculators Refer Friend Unsubscribe To Email Comments & Feedback Help On Email  Save Article   Title: Description: Under the tax code, taxpayers are restricted in deducting losses from activities that are not "engaged in for profit." The IRS frequently argues that certain activities are hobbies, rather than businesses. Read how one taxpayer convinced the Tax Court that her horse-related activity was a legitimate business. We'll also explain how you can help secure tax breaks related to an enjoyable activity you would like to turn into a profitable venture. History/Notes: Personal Information Unsubscribe to Email Your Privacy Disclaimer of Liability © 2008,Powered by BizActions Patent Pending