For an activity to be treated as a trade or business, which of the following is required:
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Question:
For an activity to be treated as a trade or business, which of the following is required:
a. Regular and continual effort designed to seek profit
b. No more than intermittent effort toward the activity
c. Organization as a corporation or partnership
d. Always generate a profit
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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