Question 49 Not yet answered Marked out of 1.00 P Flag question Jillian knits blouses as a hobby and occasionally sells them. In the current year, she earns $1,000 from her sales and incurs expenses of $1,600. On her tax return, she should Select one: a. report $1,000 of hobby income and deduct $1,600 of hobby expenses from AGI. b. $0 income and $0 expense C. Report a net loss on $600 on Schedule C. d. report $1,000 of hobby income and no expenses. Previous page Next page 508 ZOOM Online Lecture 12:30 - 1:45 EU 21 S