Business
Business, 05.11.2019 00:31, hayleighhurt

Alex who is single, conducts an activity in 2019 that is appropriately classified as a hobby. the activity produces the following revenues and expenses: revenue $18,000 property taxes 3,000 materials and supplies 4,500 utilities2,000 advertising 5,000 insurance 750 depreciation 4,000 without regard to this activity, alex’s agi is $42,000. determine the amount of income alex must report and the amount of the expenses he is permitted to deduct.

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