Hobby Loss

Business, Legal & Accounting Glossary

Definition: Hobby Loss



What is the dictionary definition of Hobby Loss?

Dictionary Definition


n. in income tax, a loss from a business activity engaged in more for enjoyment than for profit, which can be deducted against annual income only.


Cite Term


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Page URL
https://payrollheaven.com/define/hobby-loss/
Modern Language Association (MLA):
Hobby Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 19, 2020 https://payrollheaven.com/define/hobby-loss/.
Chicago Manual of Style (CMS):
Hobby Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/hobby-loss/ (accessed: October 19, 2020).
American Psychological Association (APA):
Hobby Loss. PayrollHeaven.com. Retrieved October 19, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/hobby-loss/

Definition Sources


Definitions for Hobby Loss are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.