Abigail's hobby is sculpting. During the current year, Abigail sold three of her sculptures for a total

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Abigail's hobby is sculpting. During the current year, Abigail sold three of her sculptures for a total of $3,200. Her related expenses include $1,500 for utilities, $1,200 for supplies and $900 of depreciation on her pottery wheel.

What is the limitation on the amount of expenses Abigail can deduct prior to any limitations based on AGI?

Related Book For answer-question

Concepts in Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Oct 04, 2018 04:06 AM

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Abigail's hobby is sculpting. During the current year, Abigail sold three of her sculptures for a total

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1500 in utilities 1200 in supplies and 500 3200 1500 1200 in depreciation Explanatio... View the full answer

Concepts in Federal Taxation

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