$1.$ Anne Able, age $86,$ spends considerable time each year pursuing her hobby of baseball card collecting, occasionally attending card collector shows, where she buys and sells cards. During $2020,$ Anne records gross sales of $$3,100$ at seven shows

and incurs and pays ordinary and necessary expenses of $$5,200.$ On Anne's $2020$ Form $104,$ she must report $...$

A$$ Gross revenue of $$3,100,$ but can deduct $$3,100$ "for AGI." B$$ Gross revenue of $$3,100,$ but can deduct $$5,200$ "for AGI."

C$$Gross revenue of $$3,100,$ but$$ can deduct $$5,200$ "from AGI."

D$$ Gross revenue of $$3,100,$ but$$ can deduct $$3,100$ "from AGI." E None of the above