Examlex
What are the relevant factors to be considered in determining whether an activity is profit-seeking or a hobby?
Impulsiveness
Exhibiting actions based on sudden desires rather than careful thought, showing a lack of deliberation or awareness of potential outcomes.
Perseveration
The repetition of a particular response (such as a word, phrase, or gesture) despite the absence or cessation of a stimulus, often associated with various forms of brain damage or mental illness.
Egocentrism
A lack of ability to separate one's personal perspective from the perspective of others.
Centration
A cognitive limitation in early childhood where the child focuses on one aspect of a situation, neglecting other important features.
Q4: On February 20, 2011, Bill purchased stock
Q6: Dave is the regional manager for a
Q8: Mark is a cash basis taxpayer. He
Q11: Two years ago, Gina loaned Tom $50,000.
Q33: Debby, age 18, is claimed as a
Q46: In the case of an office in
Q58: A taxpayer may carry any NOL incurred
Q61: Daniel purchased a bond on July 1,
Q64: Brooke works part-time as a waitress in
Q74: Can a trade or business expense be