Rebecca is a doctor with an AGI of $125,000 before consideration of Income or loss from her dog breeding business Her home is on 15 acres, 10 of which she uses to house the animals and provide them with ample space to play and exercise Her records show the following related Income and expenses for the current year $2,500 Income from fees and sales Expenses Dog food Veterinary bills Supplies Publications and dues $4,600 3,500 1, 2ee 350 a How must Rebecca treat the Income and expenses of the operation if the dog breeding business is held to be a hobby b How would your answer differ if the operation were held to be a business Schedule C Business income loss) Other Income loss) Expenses (Schedule A Misc Deductions) Schedule C Business income loss) Other Income loss) Expenses (Schedule A Misc Deductions)

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Rebecca is a doctor with an AGI of $125,000 before consideration of Income or loss from her dog breeding business  Her home is on 15 acres, 10 of which she uses to house the animals and provide them with ample space to play and exercise  Her records show the following related Income and expenses for the current year  $2,500 Income from fees and sales Expenses  Dog food Veterinary bills Supplies Publications and dues $4,600 3,500 1, 2ee 350 a  How must Rebecca treat the Income and expenses of the operation if the dog breeding business is held to be a hobby  b  How would your answer differ if the operation were held to be a business  Schedule C Business income loss) Other Income loss) Expenses   (Schedule A   Misc  Deductions) Schedule C Business income loss) Other Income loss) Expenses   (Schedule A Misc  Deductions)

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Rebecca is a doctor with an AGI of $125,000 before consideration of Income or loss from her dog breeding business. Her home is on 15

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