The Code Does Not Specifically Define What Constitutes a Trade

question 82

True/False

The Code does not specifically define what constitutes a trade or business.

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Definitions:

Nonjudgmental Awareness

An approach or practice of being mindful and observant without making judgments or evaluations.

Sensation-Seeking

The desire to participate in highly arousing activities; it is especially common in early and mid-adolescence.

Highly Arousing Activities

Activities that intensely stimulate the emotional or physical state, causing heightened alertness or excitement.

Engagement-Seeking

The tendency to seek out interaction, stimulation, or involvement with others or one's environment as a means of fulfilling personal, social, or psychological needs.