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Calculate the net income includible in taxable income for the following hobby in 2019: Income $23,000 Mortgage interest and property taxes allocable to hobby 12,000

Calculate the net income includible in taxable income for the following hobby in 2019:

Income $23,000

Mortgage interest and property taxes allocable to hobby 12,000

Depreciation 4,000

Supplies and fees 7,000

Telephone for hobby 3,000

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