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 sales Income from riding lessons Feeding expense Boarding expenses Veterinary expenses $10,000 $5,000 $8,000 $6,000 $2,000 How much of the income is taxable? a. $5,000. b. $15,000. c. $0. d. ($1,000)
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