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Clara pursued a hobby of selling antique furniture in her spare time. During the year she sold the furniture for $3,200. She incurred expenses as
Clara pursued a hobby of selling antique furniture in her spare time. During the year she sold the furniture for $3,200. She incurred expenses as follows: . Cost of goods sold $2,000 Supplies $1,200 Interest on loan to get business started $800 Advertising How should Clara report these items on her tax return
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