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:

Anomic Suicide

A concept in sociology referring to a condition of disillusionment and disorientation typically due to a sudden breakdown in social norms and values.

Introjective Suicide

A type of suicide resulting from the internalization of negative feelings and self-directed anger, associated with feelings of failure or guilt.

Dichotomous Thinking

A cognitive distortion involving viewing situations, people, or self-evaluations in terms of extreme black-and-white categories, without recognizing any middle ground.

Thanatos

In psychoanalytic theory, it refers to the death drive, which is a concept suggesting humans hold an unconscious wish to die or self-destruct.