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Edwina has sponsored and participated in a barbecue team the last ten years. The team enters...

Edwina has sponsored and participated in a barbecue team the last ten years. The team enters several contests a year, but has never come close to turning a profit. Edwina has told you she doesn’t really care if the team makes any money, she just enjoys being able to get away from work and unwind at these contests. Which of the following is most accurate?

Edwina may deduct all expenses associated with the team

Edwina may only deduct her proportional share of the expenses of the team

Edwina may never deduct any of the expenses of the team

The activity is like a hobby for Edwina, and her deductions may be limited
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