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which of the following statements is generally true regarding trade or business ? a a trade business is an activity in which the taxpayer is
which of the following statements is generally true regarding trade or business
a a trade business is an activity in which the taxpayer is involved contiuously and regularly and is carrie on primarily to make a profit
b in order to be considered a trade or biusiness it must be registered as such with the state
c it is not a requirement that the owner have a profit motive or make ongoing efforts to futher the interexst of the business
d the taxpayer must make a profit in the bsuiness within the first three years
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