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All of the following statements are true regarding a trade or business except A- the taxpayer should have evidence that they are engaged in a
All of the following statements are true regarding a trade or business except
A- the taxpayer should have evidence that they are engaged in a trade or business
B- The taxpayer must make a profit in the business within the first three years
C- A trade or business is in an active carried on primarily to make profit
D- Taxpayers are considered self-employed if they carry on a trade or business as an independent contractor or a sole proprietor
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