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tax accounting Note that this is done as a hobby, not profit seeking Detmer is a successful doctor who earned $204,800 in fees this year,

tax accounting
Note that this is done as a hobby, not profit seeking image text in transcribed
Detmer is a successful doctor who earned $204,800 in fees this year, but he also competes in weekend golf tournaments. Detmer reported the following expenses associated with competing in almost a dozen tournaments: This year Detmer won $5,200 from competing in various golf tournaments. Assuming that Detmer itemizes his deductions, what amount of the golfing expenses is deductible after considering all limitations if the tournament golfing is treated as a hobby activity

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