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Virginia, a Practicing CPA, Receives $11,000 from the Sale of Rare

Question 113

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Virginia, a practicing CPA, receives $11,000 from the sale of rare orchids that she grows. Her expenses of operating this hobby activity follow: Virginia, a practicing CPA, receives $11,000 from the sale of rare orchids that she grows. Her expenses of operating this hobby activity follow: How much of the expenses that Virginia incurs can be deducted as hobby expenses? A) $ - 0 - B) $ 4,500 C) $11,000 D) $12,500 E) $17,500 How much of the expenses that Virginia incurs can be deducted as hobby expenses?


A) $ - 0 -
B) $ 4,500
C) $11,000
D) $12,500
E) $17,500

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