Use the CCH IntelliConnect, Standard Federal Income Tax Reporter to perform the keyword searches on making an election to defer the determination of whether an activity is a not engaged in for profit (hobby)

until after the fourth year.

a. What Code section and Regulation discusses this election?

b. In what paragraph(s) did you find editorial discussion of this topic?

c. What keyword terms did you use for final search? How many documents did your search retrieve?

d. Compare the keyword search using the Tax Research Consultant with the search using Standard Federal Income Tax Reporter. Which one was more efficient and effective?