Multiple Choice
If an activity is considered a hobby,which of the following is true?
A) None of the expenses connected with the activity are deductible.
B) The deductible expenses connected with the activity are limited to the income from the activity.
C) The IRS has the burden to prove an activity is a hobby.
D) None of the income connected with the activity is included in income.
Correct Answer:

Verified
Correct Answer:
Verified
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