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7. Calculate the net income (income and deductions) includible in taxable income for the following hobby in 2018: Income Mortgage interest and property taxes allocable

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7. Calculate the net income (income and deductions) includible in taxable income for the following hobby in 2018: Income Mortgage interest and property taxes allocable to hobby Depreciation Supplies and fees Telephone for hobby $23,000 12,000 4,000 7,000 3,000

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