Business, 27.03.2020 03:25 jackieanguiano3700
Priscella pursued a hobby of making bedspreads in her spare time. Her AGI before considering the hobby is $40,000. During 2019 she sold the bedspreads for $10,000. She incurred expenses as follows:Supplies $4,000Interest on loan to get business started 500Advertising 6,500Assuming that the activity is deemed a hobby, how should she report these items on her tax return?
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Priscella pursued a hobby of making bedspreads in her spare time. Her AGI before considering the hob...
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