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considered a trade or business for purposes of section 162(a).
Accordingly, we sustain respondent’s determination that
petitioners are not allowed certain Aspiring Artists Schedule C
deductions for the expenses claimed for the year in issue in
excess of the gross income reported by the activity.
The Court has considered all other arguments advanced by
petitioners, and to the extent not discussed above, has found
those arguments to be irrelevant or without merit.
To reflect the foregoing,
Decision will be entered
under Rule 155.
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Last modified: May 25, 2011