I think this changed several years ago. They said you only have to make an attempt at running a business. You don't have to be successful...
That's been my plan all along! (sarcasm)

Gawd this year has sucked! With the equipment that I bought this year, (total of only about $8k), the left over depreciation from last year, and the expenses from this year I might not have any taxable income this year. The good thing about things being slow, is that everyone else is slow too. A lot of cabinet shops going tits up, and I've gotten some rediculously good deals on used equipment.