the year? Hy O W tive rule Hobby Losses. Chuck, a dentist, raises prize rabbits for breeding and show Assume that the activity is determined to be a hobby. During 2018, thecivi for showin 1:6-53 the following items of income and expense: Amount $800 (300) (200) (600) Item Sale of rabbits for breeding stock Prizes and awards Property taxes on rabbit hutches Feed Veterinary fees Depreciation on rabbit hutches (250) ions Chuck should report for 2018w respect to the rabbit raising activities? Identify which expenses may be deducted and indicate whether they are deductions f or from AG. c. By what amount is the cost basis of the rabbit hutches to be reduced for the year I:6-54 Rental of Vacation Houta D