The tax consequences of a business activity are generally the same as the tax consequences of an investment activity.

Name: The tax consequences of a business activity are generally the same as the tax consequences of an investment activity.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

Business activities and investment activities are treated differently for tax purposes, with business activities often subject to self-employment taxes and different deductions compared to investment activities, which may be subject to capital gains taxes.

The Tax Consequences of a Business Activity Are Generally the Same