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Albert resigned from his full-time accounting job to sell his sculptures in 2018. He has had a loss for the first two years in his
Albert resigned from his full-time accounting job to sell his sculptures in 2018. He has had a loss for the first two years in his new career. What is the primary factor for determining if this is a business and not a hobby?
Interest in creating art.
Intent to generate a profit.
Intent to incur expenses.
Intent to derive pleasure and success.
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