Using an electronic research database such as Checkpoint, CCH Tax Research NetWork, or LexisNexis, do a keyword search on the phrase hobby loss to find secondary authorities discussing the tax treatment of losses incurred in pursuing activities as a hobby.
a. Provide citations to three of the secondary authorities you located.
b. Provide citations to three primary authorities referenced in the secondary authorities found in your search, including the IRC section that addresses the tax treatment of hobby losses.
c. Does the IRC section identified in part (b) contain the phrase hobby loss? What phrase does the IRC section use to refer to activities considered a hobby?