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27-05-2023
Business

Answered

In 2020, Don Kesler had adjusted gross income of $50,000, including gross income from his hobby of $10,000. Expenses related to his hobby were as follows:
Insurance: $1,000
Utilities: $500
Rent: $2,200
What amount of hobby expense is deductible by Don as an itemized deduction?
Group of answer choices
$3,700
$2,700
$0
$1,000

Answer :

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