Question 32 of 45. Factors that may be taken into account for determining whether an activity is engaged in for-profit include all of the following EXCEPT: Time and effort Businesslike manner Depreciation of assets Expertise Mark for follow up Question 33 of 45. Can an inexperienced writer with the desire to create the "Great American Novel" demonstrate that this is a business activity? No. They will not likely meet any of the tests because they have no experience in writing, Yes. If income is received within the first five years of the venture. Yes. If Form 5213 is filed by the due date of the retum Yes. If they attend writers' conferences, literary organization meetings, workshops, and writing classes Mark for follow up Summary Next Back Save / Return Later