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Gary is an architect who also sings at weddings. This year, he received $5,400 in fees from his singing and spent $6,250 on singing lessons, sheet music, and travel to the weddings. If Gary considers this activity as a hobby for federal tax purposes, which of the following statements is true? Multiple Choice Gary is not required to include the $5,400 in gross income. Gary is allowed to deduct $5,400 of his expenses as an above-the-line deduction. Gary is not allowed to deduct any of his hobby expenses. Gary is allowed to deduct $5,400 of his expenses as an itemized deduction..

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Gary is an architect who also sings at weddings. This year, he received $5,400 in fees from his singing and spent $6,250 on singing lessons, sheet music, and travel to the weddings. If Gary considers this activity as a hobby for federal tax purposes, which of the following statements is true? Multiple Choice Gary is not required to include the $5,400 in gross income. Gary is allowed to deduct $5,400 of his expenses as an above-the-line deduction. Gary is not allowed to deduct any of his hobby expenses. Gary is allowed to deduct $5,400 of his expenses as an itemized deduction.

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