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Rebecca is a doctor with an AGI of $140,000 before consideration of income or loss from 15 acres, 10 of which she uses to house

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Rebecca is a doctor with an AGI of $140,000 before consideration of income or loss from 15 acres, 10 of which she uses to house the animals and provide them with ample space following related income and expenses for the current year, Ter home is on ds show the $ 3,250 Income from fees and sales Expenses: Dog food Veterinary bills Supplies Publications and dues $4,750 4.250 1,500 500 Required: o. How must Rebecca treat the income and expenses of the operation if the dog breeding business is held to be a hobby? Note: Leave no cells blank. Enter "0" wherever required. b. How would your answer differ if the operation were held to be a business? Note: Leave no cells blank. Enter "o" wherever required. Enter all losses with a minus sign. a Schedule C Business Income (los) Other Income/loss) Foxpenses - (Schedule A) Schedule C Business income (loss) Other Income/[105) b Exponsen - Schedule A)

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