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Factors to consider when determining if a business is carried on for business or profit include all of the following, except: Taxpayer's history of income
Factors to consider when determining if a business is carried on for business or profit include all of the following, except: Taxpayer's history of income or losses with respect to the activity The amount of capital available to fund the activity during the first 2 years. Expertise of the taxpayer or advisors Elements of personal pleasure or recreation
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