For Purposes of the § 267 Loss Disallowance Provision, a Taxpayer's

question 80

True/False

For purposes of the § 267 loss disallowance provision, a taxpayer's aunt is a related party.

---

Definitions:

Top Predator

A top predator, often situated at the apex of a food chain, is an organism that is not preyed upon by any other in its natural environment.

Stored Energy

energy in a system or object that is not being used and can be released to do work; also known as potential energy.

Annual Productivity

The total amount of goods and services produced by a country or an organization in one year.

Urban Backyard

A small outdoor space behind a city home that is used for personal recreation and gardening.