Generally, for an Activity to Be Treated as a Trade

question 78

Multiple Choice

Generally, for an activity to be treated as a trade or business, which of the following is required:

• A)Always generate a profit
• B)No more than intermittent effort toward the activity
• C)Regular and continual effort designed to seek profit
• D)Organization as a corporation or partnership

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Definitions:

Language

A system of symbols, sounds, and rules used for communication, crucial for human interaction and cognitive development.

Encourage

To give support, confidence, or hope to someone.

Menarche

The first menstrual cycle, or first menstrual bleeding, in female humans, marking the onset of reproductive capability.

Menstruation

The monthly shedding of the uterine lining in females, often associated with bleeding.