Kim raises and sells horses as a hobby. She also has income from riding lessons...
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Kim raises and sells horses as a hobby. She also has income from riding lessons that are part of the hobby activity Income from horse sales510,000 Income from riding lessons$5,000Feeding expense58,000Boarding expenses$6,000Veterinary expenses 2.000What is her net taxable income from the activity? (51,000) 50 $5,000 $15.000
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