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IRS Guidelines for Book Authors for Hobbyist vs. Pro
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Any tax advice for authors and writers should start with the question: are you a hobbyist or a pro? Being a "pro" affects what you can deduct expenses related to your work as an author, so it's important to understand the distinction. Making money as an author isn't easy, and even bestselling authors advise you not to quit your day job. While many people are passionate about their writing and aspire to make a living at it, not every book author can claim to be a professional — "for profit" — in those most important eyes of the IRS.