Thread: Diku license
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Old 10-13-2003, 07:09 PM   #11
Stilton
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lgoos:
Until there's an actual legal opinion presented, I disagree with logos' assertion that a hobbyist mud which has ANY revenue (with no incorporation, LLC, etc.) is necessarily violating the license.

In the US, the IRS is a de facto legal yardstick for profit.

For IRS purposes, an individual can deduct hobbyist expenses from hobby income (but deducted expenses can't be greater than  hobby income).  The distinction between that and a business is that a hobby isn't intended to generate a profit. ($500 in server expenses/bandwidth and $500 in donations = no profit, so no income tax)

page 203, IRS publication 17

Just like a business, you're allowed to put a hobby "off to the side" from your other personal financial activity and compute whether or not you made a profit on it.

not a lawyer, and even if I were I wouldn't be YOUR lawyer, so here's hoping for Matt's inquiry :)

Stilton
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