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Message: [QUOTE="SVCBeercats, post: 3237273, member: 7874"] This is not facetious question. After 30 years of failing to earn a profit how does the WNBA avoid being classified as a hobby by the IRS? Is it a business entity unto itself or a division of the NBA? Do sports businesses have their own classification for tax purposes? If your business claims a net loss for too many years, or fails to meet other requirements, the IRS may classify it as a hobby, which would prevent you from claiming a loss related to the business. If the IRS classifies your business as a hobby, you'll have to prove that you had a valid profit motive if you want to claim those deductions. [/QUOTE]