With respect to the deduction for hobby expenses, the taxpayer's expectation of profit need not be considered reasonable in order for the expense to be deductible.

Name: With respect to the deduction for hobby expenses, the taxpayer's expectation of profit need not be considered reasonable in order for the expense to be deductible.
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The taxpayer's expectation of profit is not a factor in determining whether hobby expenses are deductible.

With Respect to the Deduction for Hobby Expenses, the Taxpayer's