Darnell enjoys music and sound production. In his basement, he has a recording studio that he uses
Question:
Darnell enjoys music and sound production. In his basement, he has a recording studio that he uses to create his own music.
Lately, he has been recording and producing local artists’ music. Darnell did not initially charge his first few clients for his audio production, but he has now received $4,350 for his latest works. He plans to continue charging bands and hopes to make a profit. Should this activity be classified as business, investment, or personal?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
Question Posted: