PATRICIA A PROFESSIONAL GAMBLER HAD THE FOLLOWING INCOME AND EXPENSES IN HER BUSINESS: GAMBLING WINNING 275,000 EXPENSES

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PATRICIA A PROFESSIONAL GAMBLER HAD THE FOLLOWING INCOME AND EXPENSES IN HER BUSINESS: GAMBLING WINNING 275,000 EXPENSES FEES PAID FOR ILLEGAL INFORMATION 18,000 TRAVEL COSTS 8,000 OFFICE EXPENSES 5,000 SUPPLIES 3,000 BUSINESS LONG DISTANCE PHONE CHARGES 1,000 TICKETS FOR ILLEGAL PARKING 900 HOW MUCH NET INCOME MUST PATRICIA REPORT FROM THIS BUSINESS? A-0 B-239,100 C-240,000 D-258,000

Posted Date: Jun 19, 2024 01:05 PM

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PATRICIA A PROFESSIONAL GAMBLER HAD THE FOLLOWING INCOME AND EXPENSES IN HER BUSINESS: GAMBLING WINNING 275,000 EXPENSES

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