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Okay So I am reading all thats is said based on being licensed, but what if I am not licensed? Can I still deduct all my expenses? In the state of Tx it is illegal to sell out of your home.. So what then?
Okay So I am reading all thats is said based on being licensed, but what if I am not licensed? Can I still deduct all my expenses? In the state of Tx it is illegal to sell out of your home.. So what then?
The IRS and state licensing are two completely different things. You should file your earnings as income and along with that claim your expenses as deductions.
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