Question: Write a response to the following statement: Determining when a business has commenced is a question of fact and degree. When a taxpayer is engaged

Write a response to the following statement: Determining when a business has commenced is a question of fact and degree.

When a taxpayer is engaged in only preparatory activities, a business will not have commenced. Explain how the courts have distinguished between activities that are preparation for business as compared to actual business, with reference to relevant case law.

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