ilmscore | Prediction Details
"And myth number four is that if it's a hobby, then you could you could just ignore that income that you received, but not in the eyes of the IRS. In again, income is going to be income whether it's a hobby or not."
By ClearValue Tax | January 5, 2026 | Correct
From video
IRS Cracking Down on Side Hustle Income (Avoid These Mistakes!) 00:11:53 - 00:12:02
Interpreted Prediction
Income generated from a hobby must still be reported to the IRS; it is not exempt from taxation simply because it is considered a hobby.
AI Evaluation Notes
The IRS requires all income, including hobby income, to be reported and is subject to taxation. The prediction accurately reflects this requirement.

Prediction Details

Topic
Reporting of Hobby Income

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