Discuss Whether the Following Persons Are Currently Engaged in a Trade

question 44

Essay

Discuss whether the following persons are currently engaged in a trade or business: Katerina owns 35 home sites in and around Orlando. She bought these vacant lots several
a. years ago in hopes to developing them into a subdivision. She begins to develop the lots in the current year.
John spends 2 hours a day, 5 days a week, managing his investment portfolio. He watches
b. the market and buys and sells securities when he thinks the market is right. His investment strategy is to realize dividends, interest, and long-term gains from holding the investments.
Bill lives in Miami and works full-time betting on dog races. Although he intends to win large
c. sums, he has failed to win the big one. He considers his betting activities his job and relies on his meager winnings to support his family. He is devoted to the races and has rarely
missed a day betting in over 3 years.

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Definitions:

Securely Attached

A category of attachment where individuals feel confident and trust that their relationship partners will provide support when needed.

Insecurely Attached

Describes a type of attachment style observed in some children, characterized by anxiety and uncertainty in relationships due to inconsistent caregiver responsiveness.

Infant

A very young child or baby, typically one still in the early months of life and before they can walk or talk.

Pronoun Reversal

The use of pronouns in a way that does not align with common linguistic conventions, often observed in the language development of young children.