Evaluate the taxpayers options

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Reference no: EM131457155

Question: A taxpayer suffered a $20,000 capital loss early this year (from selling some securities) and is considering two alternatives for generating extra income. The first alternative is to find part-time employment at the local university teaching courses on taxes. The second alternative is to purchase a fixer-upper bungalow and spend his evenings and weekends cleaning, repairing, and painting it, then sell the fixedup property. The taxpayer estimates that his income before taxes would be about $45,000 from either alternative. Evaluate the taxpayer's options.

Reference no: EM131457155

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