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21. Which of the following factors are considered by the IRS in evaluating whether an activity is classified as a business or a hobby? a.

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21. Which of the following factors are considered by the IRS in evaluating whether an activity is classified as a business or a hobby? a. The expertise of the taxpayer b. The time and effort expended by the taxpayer c. Financial status of the taxpayer d. Income and loss history from the activity e. All of the above 22 lim lives in California what sli

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