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k, spa? homework Id 525779227&questione er ACC30 801-Spring Homework: Ch 6 - Deductions Score: o of 1 pt 4 4 of 11 (3 complete) Q1:6-6 (book/static) Deductible business or investment expenses must be related to a profit-motivated activity. a. What are the factors used in determining whether an activity ts profit-motivated? b. Why are these factors so important in making this determination? a. ? (Select all that apply.) A. B. C. [in D, The item meets the all events test during the year The taxpayer uses the accrual method The taxpayer's success in carrying on other similar activities whether the activity i-conducted in a business-like manner E The history of income or losses with respect to the activity F The expertise of the taxpayer or his advisor G. The time and effort expended by the taxpayer in carrying on the activity H. The expenses are reasonable I The amount of occasional profits J. The financial status of the taxpayer (m) K. whether the assets used are expected to appreciate in value DL Any elements of personal pleasure or recreation, which the activity might involve M. The improvements increase the value of the property Click to select your answer(s) and then click Check Answer Clear All emaining set (luy e distinction Deductions for AGl reduce the taxpayer's gross income by the full k, spa? homework Id 525779227&questione er ACC30 801-Spring Homework: Ch 6 - Deductions Score: o of 1 pt 4 4 of 11 (3 complete) Q1:6-6 (book/static) Deductible business or investment expenses must be related to a profit-motivated activity. a. What are the factors used in determining whether an activity ts profit-motivated? b. Why are these factors so important in making this determination? a. ? (Select all that apply.) A. B. C. [in D, The item meets the all events test during the year The taxpayer uses the accrual method The taxpayer's success in carrying on other similar activities whether the activity i-conducted in a business-like manner E The history of income or losses with respect to the activity F The expertise of the taxpayer or his advisor G. The time and effort expended by the taxpayer in carrying on the activity H. The expenses are reasonable I The amount of occasional profits J. The financial status of the taxpayer (m) K. whether the assets used are expected to appreciate in value DL Any elements of personal pleasure or recreation, which the activity might involve M. The improvements increase the value of the property Click to select your answer(s) and then click Check Answer Clear All emaining set (luy e distinction Deductions for AGl reduce the taxpayer's gross income by the full

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