Which of the following statements is true about nestors, Ask an Expert

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Which of the following statements is TRUE about Nestor's hobby activity?

a. A loss from Nestor's hobby activity may not be used to offset wages from his full-time employment
b. A loss from Nestor's hobby activity may be used to offset his dividend income
c. When compared to Nestor's business, Nestor's hobby activity is subject to exactly the same tax laws
d. Expenses relating to Nestor's hobby activity may never be deductible

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404694

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