UNLESS OTHERWISE DIRECTED, ASSUME A 2020 TAX YEAR FOR THE PROBLEM. 6. Bonnie enjoys making quilts in her spare time. She has sold the quilts for many years, but has never shown a profit from the activity. During the current tax year, she sold the quilts for $2,500. She has a full-time job with a salary of $42,000. She incurred the following expenses in making the quilts: Materials $ 2,200 Advertising $ 900 Mailing Expenses $ 450 What is Bonnie's AGI? Calculate how much, if any, of the expenses are deductible for and/or from AGI and explain under what circumstances any of the expenses may be deductible. UNLESS OTHERWISE DIRECTED, ASSUME A 2020 TAX YEAR FOR THE PROBLEM. 6. Bonnie enjoys making quilts in her spare time. She has sold the quilts for many years, but has never shown a profit from the activity. During the current tax year, she sold the quilts for $2,500. She has a full-time job with a salary of $42,000. She incurred the following expenses in making the quilts: Materials $ 2,200 Advertising $ 900 Mailing Expenses $ 450 What is Bonnie's AGI? Calculate how much, if any, of the expenses are deductible for and/or from AGI and explain under what circumstances any of the expenses may be deductible