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sec. 1.183-2(b)(8), Income Tax Regs. Petitioner is by no means a
wealthy individual. In 1990, petitioner earned roughly $35,000
from his full-time job as a computer programmer. Petitioner also
earned approximately $7,000 in 1990 from a part-time job.
Petitioner's income in 1991 differed only slightly from that of
1990, as petitioner earned roughly $37,000 from his full-time job
and approximately $1,000 from his part-time job. Further, the
record is devoid of evidence suggesting other sources of wealth
enjoyed by petitioner. Given his income, we think it unlikely
that petitioner would embark on a hobby costing thousands of
dollars and entailing much personal labor without a profit
objective. See Engdahl v. Commissioner, supra at 670.
Finally, the absence of personal pleasure or recreation
relating to the activity indicates the presence of a profit
objective. Schlafer v. Commissioner, T.C. Memo. 1990-66; sec.
1.183-2(b)(9), Income Tax Regs. There is no question that
petitioner enjoyed working with his horses; however, he equally
enjoyed working as a computer programmer. It is human nature to
undertake those activities which we enjoy and to avoid those
activities which we find less appealing. It cannot be said that
petitioner had any more or less enjoyment from his horse activity
than that which customarily should be expected from an
entrepreneurial undertaking. Petitioner did not ride his horses,
nor did he permit others, except qualified jockeys, to ride them.
Even though petitioner derived personal pleasure from his labor-
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