Georgie has gross income of $5,000 from an activity that has been deemed to be a hobby by the IRS. Her expenses related to the activity include property taxes of $3,000, operating expenses of $1,500, and depreciation expense of $800. What would be Georgie's deductible expenses for the year and where would they be taken?

		$3,000 Schedule A (Itemized Deductions)
		$3,000 Schedule C (Profit or Loss from Business)
		$5,000 Schedule A (Itemized Deductions)
		$5,000 Schedule C (Profit or Loss from Business)
		$5,300 Schedule C (Profit or Loss from Business)