Examlex
What are the relevant factors to be considered in determining whether an activity is profit-seeking or a hobby?
Market Prices
The current price at which an asset or service can be bought or sold in the market.
Paper Clips
Small pieces of bent wire or plastic used for holding together sheets of paper.
Metal
A class of elements characterized by physical properties such as conductivity, malleability, and magnetic attraction.
Illegal Goods
Products or services whose production, distribution, or consumption is prohibited by law.
Q3: Arnold is married to Sybil, who abandoned
Q11: On June 2, 2016, Fred's TV Sales
Q13: Alicia was involved in an automobile accident
Q36: Jacob is a landscape architect who works
Q53: Rex, a cash basis calendar year taxpayer,
Q73: In which, if any, of the following
Q91: If an item such as property taxes
Q101: During the past two years, through extensive
Q105: Benny loaned $100,000 to his controlled corporation.
Q114: For self-employed taxpayers, travel expenses are not