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:

Behavioral Theories

Theories suggesting that behavior is learned through interactions with the environment, emphasizing the role of conditioning.

Psychodynamic Theories

A group of theories in psychology that emphasize the influence of the unconscious mind and childhood experiences on behavior.

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's own identity.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.