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<p>[QUOTE=&quot;JustHad2, post: 2234063, member: 74491&quot;][USER=26302]@medoraman[/USER] - I absolutely agree as that is covered in the section 525 publication. However, since you are only able to deduct your losses in a hobby related activity against your income related to the hobby related activity, the other income would not come into the equation according to their example using Adriana. Further when you get deeper you are refered to Publication 529 where it stipulates where and when that 2% is entered into the equation.</p><p><br /></p><p>&quot;Generally, you apply the 2% limit after you apply any other deduction limit. For example, you apply the 50% (or 80%) limit on business-related meals and entertainment (discussed later under <i><a href="http://www.irs.gov/publications/p529/ar02.html#en_US_2014_publink100026950" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.irs.gov/publications/p529/ar02.html#en_US_2014_publink100026950" rel="nofollow">Travel, Transportation, Meals, Entertainment, Gifts, and Local Lodging</a> </i>) before you apply the 2% limit.&quot;</p><p><br /></p><p>My intention was not to pretend to be a tax advisor. I just get tired of folks using absolute terms when declaring that you can not deduct losses from a hobby. It just is not true. </p><p><br /></p><p>Matter of fact, if you read the above quoted where it speaks of 50% to 80% on travel and meals, etc... Remind you of anyone in particular?&nbsp; </p><p><br /></p><p>Wine anyone?[/QUOTE]</p><p><br /></p>

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