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kimberly engaged in a not- for-profit (hobby) activity that generated the following: gross income $7500, real estate taxes $650, mortgage interest $400, insurane, supplies, utilities,
kimberly engaged in a not- for-profit (hobby) activity that generated the following:
gross income $7500, real estate taxes $650, mortgage interest $400, insurane, supplies, utilities, etc. $4750, depreciation on furniture $2050, depreciation on computer $700. how much are the detuctiblecategory 1 expenses?
a. 400
b. 1050
c. 2750
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