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Which of the following is not relevant in deciding whether an activity is profit - seeking or a hobby? Group of answer choices The time
Which of the following is not relevant in deciding whether an activity is profitseeking or a hobby?
Group of answer choices
The time and effort expended.
The expertise of the taxpayers or their advisers.
The history of income or losses from the activity.
The tax benefits of the activity to the taxpayer.
All of the above factors are to be considered.
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