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Business, 07.04.2020 17:31 JaylahtheSmarrtie

QUIZLET Kim raises and sells horses as a hobby. She also has income from riding lessons that are part of the hobby activity. Income from horse sales $10,000 Income from riding lessons $5,000 Feeding expense $8,000 Boarding expenses $6,000 Veterinary expenses $2,000 What is the tax impact of this activity? Question 36 options: Include no income; deduct no expenses. Include all income; deduct all expenses. Include all income; deduct expenses up to income Include all income; deduct no expenses

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QUIZLET Kim raises and sells horses as a hobby. She also has income from riding lessons that are par...
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