10 Nov Edwina has sponsored and participated in a barbecu
Edwina has sponsored and participated in a barbecue team the lastten years. The team enters several contests a year, but has nevercome close to turning a profit. Edwina has told you she doesn’treally care if the team makes any money, she just enjoys being ableto get away from work and unwind at these contests. Which of thefollowing is most accurate?Edwina may deduct all expenses associated with the teamEdwina may only deduct her proportional share of the expensesof the teamEdwina may never deduct any of the expenses of the teamThe activity is like a hobby for Edwina, and her deductionsmay be limited
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