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Answer the following question(s) completely and to the best of your ability. In your own words, define hobbies for federal income tax purposes (Section 6-3e).
Answer the following question(s) completely and to the best of your ability. In your own words, define "hobbies" for federal income tax purposes (Section 6-3e). Exhibit 6.4 identifies common activities classified as "hobbies." Do you agree or disagree with these identified activities? Why or why not?
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