How do I deduct my MTG interest paid on 1040?
You can't deduct expenses from playing Magic The Gathering (MTG) on your taxes. The IRS doesn't consider money spent on hobbies like MTG as a deductible expense. Your passion for MTG, while admirable, doesn't influence your tax situation!
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Nope, can't do it. IRS doesn't let you deduct MTG expenses. It's a hobby, not a tax break.
I tried to list my MTG expenses as a deduction once, thinking it might fly under 'entertainment' or something. Nope. The IRS categorizes games like MTG strictly under hobbies. So, no dice on the tax breaks, unfortunately.
馃憖 If you like Magic the Gathering...
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