- 7,138
- 6,238
Those are perfectly legitimate expenses as long as you really are a personal trainer... But you can't use your sneaker hobby as expenses especially if they are the 20k numbers like we were discussing, as I said and if you did prepare for the IRS to rotor-rooter your return if you show a huge loss or a $20,000 deduction for clothing expense on a schedule CBe a personal trainer, You can write off the equipment you need to do your job ie: shoes, shirts, shorts etc...
They will not be nice and they will BANG you with penalties and interest....
I believe you can claim a loss for the first and second year. The third year has to have a gain. So with that in mind...
Close up shop before the 3rd year, repeat cycle with a new "business".
Uncle sam did not like me.