Are any of the following losses deductible on an individual's income tax return? If so, is the loss deductible "for" or "from" AGI? Explain each loss. Loss Loss on sale of stock by individual's business.$4,000 Hobby loss in excess of hobby gross income..3,000 gambling losses in excess of gambling winnings........................8,000 Loss on sale of stock on individual's investment portfolio............................9,000 Decline in value of stock held in individual investment portfolio.....................7,000 loss on sale of personal automobile2,000 Total..33,000