About this episode

This episode discusses the limitations of hobby losses in tax deductions.

In episode 49 of How Tax Works, Matt Foreman discusses hobby losses, which are a significant and often underappreciated limitation on the ability to deduct losses based on the taxpayer’s profit motive. How Tax Works, hosted by Falcon Rappaport & Berkman LLP Partner Matthew E. Foreman, Esq., LL.M., delves into the intricacies of taxation, breaking down complex concepts for a clearer understanding of how tax laws impact your financial decisions. Follow us on Bluesky: @howtaxworks.bsky.soc...

People in this episode

Host: Matthew E. Foreman, Esq., LL.M.

Guest: Matt Foreman

Topics covered

• hobby losses
• tax deductions
• profit motive
• taxation
• financial decisions

Keywords

• hobby losses
• tax deductions
• profit motive
• tax laws
• financial decisions

Mentioned in this episode

Organizations: Falcon Rappaport & Berkman LLP

More episodes of How Tax Works

• Theft, Scam, and Casualty Losses · April 27, 2026 · 26 min
• Ferraris, Montana LLCs, and Use Taxes · April 13, 2026 · 26 min
• Unrelated Business Taxable Income · March 16, 2026 · 19 min
• Substance Versus Form, Part II: The Step Transaction Doctrine · March 2, 2026 · 31 min
• Substance Versus Form, Part I: The Economic Substance Doctrine · February 16, 2026 · 24 min
• Stock Sales Taxed as Asset Sales · February 2, 2026 · 26 min

Explore listener stats, chart rankings, contacts and more on the How Tax Works podcast page.