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In order to gain the presumption that you are engaged in a trade or business, rather than in a hobby, you must: A. Make a
In order to gain the presumption that you are engaged in a trade or business, rather than in a hobby, you must:
A. Make a profit 3 out of the last 4 years
B. Make a profit for 3 out of the 5 most current years
C. Make a profit for 3 out of the 7 most current years
D. Make a profit the majority of the years you were in business
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