Would any of the following items be deductible on an individuals income tax return? If so, would the item be deductible for or from AGI? Explain each item.

	Deductible Y or N	For or From AGI	Explain
Stamp collecting expenses of $1,250 when stamp sales were only $400 and stamp collecting is considered a hobby
$3,000 loss on the sale of a personal sailboat
Interest of $8,000 on money borrowed to purchase tax-exempt securities.
A legal fee of $890 for estate planning advice of which 50 percent related to tax planning.