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Back Which of the following statements is not correct for reporting a hobby on an income tax return? 124 Marks: 1 a Hobby income is
Back Which of the following statements is not correct for reporting a hobby on an income tax return? 124 Marks: 1 a Hobby income is reported on Schedule 1, line 21 Choose one answer. O b. Hobby income and expenses are reported on Schedule C, but Schedule SE is not required C. Deductions are not allowed for expenses against hobby income. d. Hobby income is not included in SE income If the taxpayer files married filing separate, which of the following statements is not correct? 125 Marks: 1 a. Cannot take any education credits Choose one answer b. Cannot take the earned income credit c. Cannot take the child tax credit d. Cannot take the credit for child arid dependent care expenses Submit all and finish Save without submitting
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