Which of the Following Factors Absolutely Must Be Present for an Activity

Multiple Choice

Which of the following factors absolutely must be present for an activity to be considered a trade or business for tax purposes?

A) The activity is profitable most of the time.
B) Taxpayer has experience in the activity.
C) Taxpayer has a mailing address and phone number for his business that is different from his personal address and phone number.
D) Taxpayer has a profit motive for engaging in the activity.
E) All of the above factors must be present to have a trade or business activity.