Solved

Which of the Following Factors Is Not Used to Determine

Question 1241

Multiple Choice

Which of the following factors is not used to determine whether an activity is a hobby or a business?


A) the success of the taxpayer in other dissimilar activities
B) the personal pleasure derived from the activity
C) the taxpayer's expertise in the activity
D) the taxpayer's financial status

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions