hobby loss
hobby loss 业余爱好损失 因个人爱好而导致的不可扣除的损失，区别于以营利为目的的活动中的损失。法律通常推定，如果在5年内，用于从事该活动以获取毛利〔gross profits〕的时间达到2年以上，则是以营利为目的的活动。
hobby loss
hobby loss
A nondeductible loss arising from a personal hobby, as contrasted with an activity engaged in for profit. • The law generally presumes that an activity is engaged in for profit if profits are earned during at least three of the last five years. IRC (26 USCA) § 183. [Cases: Internal Revenue 3396, 3397.]