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The courts have determined that to qualify as a trade or business, an activity must a. be operated with a profit motive. b. have a
The courts have determined that to qualify as a trade or business, an activity must
a. be operated with a profit motive.
b. have a sufficient degree of taxpayer involvement.
c. show a profit.
d. Both a and b are true.
e. All three statements are true.
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