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Would any of the following items be deductible on an individual's income tax return? If...

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Accounting

Would any of the following items be deductible on an individual's income tax return? If so, would the item be deductible "for" or "from" AGI? Explain each item. (a.) Hobby expenditures of $2,000. The taxpayer had revenue from the hobby activity in excess of $2,000. (b.) A $3,000 loss on the sale of a personal sailboat. (c.) Interest of $8,000 on money borrowed to purchase tax-exempt securities. (d.) A $6,000 unrealized decline in the value of stock held in an individual's investment portfolio.

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