En-n-n-nh, anyone considering this might want to study the fine print. I am not a tax wizard, I don't even pretend to be, but I did make some side money as a sole proprietorship decades ago. I seem to recall there are some guidelines to differentiate between a business and a hobby and it involves showing some profit at least occasionally to be considered a business, just to prevent folks doing as you describe. Of course, as a practical matter, you might get away with it, not because it's legal but because they don't have time and manpower to pursue nickel and dime stuff.
Originally Posted by pbromaghin
Just my 1.53 after tax cents