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  3. the courts have determined that to qualify as a tr

The courts have determined that to qualify as a trade or business, an activity must...

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Question

Accounting

The courts have determined that to qualify as a trade or business, an activity must

a. be operated with a profit motive.

b. have a sufficient degree of taxpayer involvement.

c. show a profit.

d. Both a and b are true.

e. All three statements are true.

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