Which of the Following Is Relevant in Deciding Whether an Activity

Multiple Choice

Which of the following is relevant in deciding whether an activity is profit-seeking or a hobby?

A) The time and effort expended.
B) The expertise of the taxpayers or their advisers.
C) The history of income or losses from the activity.
D) The tax benefits of the activity to the taxpayer.
E) All of the above factors are to be considered.