Gary Is a Successful Architect Who Also Sings at Weddings

question 52

Multiple Choice

Gary is a successful architect who also sings at weddings.This year,he received $5,400 fees from his singing and spent $6,250 on singing lessons,sheet music,and travel to the weddings.If Gary reports this activity as a hobby for federal tax purposes,which of the following statements is true?

• A)Gary is not required to include the $5,400 in gross income.
• B)Gary is not allowed to deduct any of his hobby expenses.
• C)Gary is allowed to deduct $5,400 as an above-the-line deduction.
• D)None of the above is true.

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