Which statement reflect the way to treat this kind of income

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Reference no: EM133827607

Problem

Maria runs a small business in her spare time, where she makes a few hundred dollars a year doing small arts and crafts projects for friends. She doesn't appear to run the activity with the intent of operating as a business, and spends the bulk of the material purchases for supplies on her own personal arts in crafts. She wants to take a loss for these supply purchases against the income. Which statement best reflects the way to treat this kind of income/expense?

Reference no: EM133827607

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