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, $4,000; Interest expense on loan to get business started, $500; Advertising expense, $6,500. Assuming that the activity is deemed a hobby, how should she report these items on her tax return
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 11:40, avagracegirlp17zx2
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
Business, 22.06.2019 20:00, moneykingmarco079
What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?
Answers: 2
Business, 22.06.2019 23:10, najsha
Which of the following best explains the purpose of a strike? a. to pressure employers to increase the minimum wage. b. to make sure that producers don't make any profit. c. to get employers to submit to collective bargaining. d. to prevent employers from taking industrial action.
Answers: 2
You know the right answer?
Priscella pursued a hobby of making bedspreads in her spare time. Her AGI before considering the hob...
Questions in other subjects:
French, 18.10.2019 02:40
History, 18.10.2019 02:40
Mathematics, 18.10.2019 02:40
Biology, 18.10.2019 02:40
Chemistry, 18.10.2019 02:40
Mathematics, 18.10.2019 02:40
Mathematics, 18.10.2019 02:40
