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Question 38 of 45. Which scenario would most key show you that the taxpayer did not have a valid business? Toxpayer is engaged in an

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Question 38 of 45. Which scenario would most key show you that the taxpayer did not have a valid business? Toxpayer is engaged in an activity that they have considerable experience in Taxpayer is engaged in an activity with ongoing losses from lack of sales and servios Not income generated is subject to sell-employment tak Expenses that result in a loss can offset income Mark for follow up Question 39 of 45. For which of these taxpayer scenarios do you need to prepare a schedule C (Form 10407? Katie received a Form 1090-MISC, showing 51.200 in box 3 for winning a neighborhood fundraising rate. She bought six rulle tickets for $5. Diana received a Form 1000-NEC, showing 5800 in box 1 as non employee compensation for distributing product samples neighborhood festivals. She incurred no expenses. O Trish worked full time for ISC Enterprises for six months. ISC told her when she had to work and controlled how she did the work. She received a Form 1099-NEC from ISC, showing $12,345 in non-employee compensation Gabriel has a Form W-2G showing 515,000 in winnings from playing blackjack. He has records showing he spent $20,000 playing blackjack Next Mark for follow up Summary -wa/Return Later Question 38 of 45. Which scenario would most key show you that the taxpayer did not have a valid business? Toxpayer is engaged in an activity that they have considerable experience in Taxpayer is engaged in an activity with ongoing losses from lack of sales and servios Not income generated is subject to sell-employment tak Expenses that result in a loss can offset income Mark for follow up Question 39 of 45. For which of these taxpayer scenarios do you need to prepare a schedule C (Form 10407? Katie received a Form 1090-MISC, showing 51.200 in box 3 for winning a neighborhood fundraising rate. She bought six rulle tickets for $5. Diana received a Form 1000-NEC, showing 5800 in box 1 as non employee compensation for distributing product samples neighborhood festivals. She incurred no expenses. O Trish worked full time for ISC Enterprises for six months. ISC told her when she had to work and controlled how she did the work. She received a Form 1099-NEC from ISC, showing $12,345 in non-employee compensation Gabriel has a Form W-2G showing 515,000 in winnings from playing blackjack. He has records showing he spent $20,000 playing blackjack Next Mark for follow up Summary -wa/Return Later

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