Which of the following is not a relevant factor to be considered in deciding whether an activity
Question:
Which of the following is not a relevant factor to be considered in deciding whether an activity is profit seeking or a hobby?
a. Manner in which the taxpayer carries on the activity.
b. Expertise of the taxpayer or his or her advisers.
c. Time and effort expended by the taxpayer in carrying on the activity.
d. All of the above are relevant factors.
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Related Book For 
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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