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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 51
Which of the following is not a relevant factor to be considered in deciding whether an activity is profit seeking or a hobby? a. Manner in which the taxpayer carries on the activity.
B) Expertise of the taxpayer or his or her advisers.
C) Time and effort expended by the taxpayer in carrying on the activity.
D) All of the above are relevant factors.
B) Expertise of the taxpayer or his or her advisers.
C) Time and effort expended by the taxpayer in carrying on the activity.
D) All of the above are relevant factors.
Explanation
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From the all of the options a,...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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