Question

Edwina has sponsored and participated in, a barbeque team for 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 makes any money, she just enjoys being able to get away from work and unwind at the contests. Which of the following is most accurate? A.) Edwina may deduct all of the expenses associated with the team B.) Edwina may only deduct her proportional share of the expenses of the team C.) Edwina may never deduct any of the expenses of the team D.) This activity is likely a hobby for Edwina and her deductions may be limited.

Answer 1

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