If an Activity Produces a Profit for at Least Two

question 79

True/False

If an activity produces a profit for at least two years during a consecutive five-year period,the burden of proof shifts to the IRS to show that the activity is not profit-motivated.

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Definitions:

Chloride Ions

Negatively charged ions (Cl-) that play key roles in bodily functions such as maintaining fluid balance and transmitting nerve impulses.

Prolactin

A hormone produced by the pituitary gland involved in milk production, reproductive functions, and immune system regulation.

Gray Matter

The grayish neurons and neural segments that are involved in spinal reflexes.

Non-myelinated Neurons

Neurons without a myelin sheath, resulting in slower transmission of nerve impulses as compared to myelinated neurons.