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taxpayer designs and produces womens handbags. The business is lucrative and she often can sell each bag for over $100. Twice a year she designs

taxpayer designs and produces womens handbags. The business is lucrative and she often can sell each bag for over $100. Twice a year she designs and produces a bag for herself. Does Taxpayer have gross income from the two bags that she otherwise would have had to purchase at a cost of over $100 each?

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