Boomers Retiring to “Fun” Businesses: Is birdwatching a business?
I guess I think it’s pretty cool that someone can retire and have a little “fun” business, like the ones described in a recent NYTimes article. One guy took some pictures of birds and got paid a little money. Another makes and sells mobiles, and third is a freelance writer.
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Maybe I’m a little jealous, but these guys are obviously not worried about money. Must be nice. I’m also wondering if they file income taxes as sole proprietors and claim their losses. The “hobby loss” rules of the IRS require a small business to follow …read more
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