Question
Abigail's hobby is sculpting. During the current year, Abigail sold three of her sculptures for a total of $3,200. Her related expenses include $1,500 for
Abigail's hobby is sculpting. During the current year, Abigail sold three of her sculptures for a total of $3,200. Her related expenses include $1,500 for utilities, $1,200 for supplies and $900 of depreciation on her pottery wheel.
What is the limitation on the amount of expenses Abigail can deduct prior to any limitations based on AGI?
If Abigail
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Audit Of Assumptions For The 2009 Pre Budget Report Report By The Comptroller And Auditor General, Session 2009-2010 Hc 83
Authors: National Audit Office
1st Edition
0102963371, 978-0102963373
