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2 5 . ) Assume that JIll is engaged in painting as a hobby. During the current year, she earns $ 1 0 0 0

25.) Assume that JIll is engaged in painting as a hobby. During the current year, she earns $1000 from sales of her paintings and incurs $1300 expenses for supplies and lessons. Jills salary from her job is $70000. What is the tax treatment of the hobby income and expenses?

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