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In Distinguishing Whether an Activity Is a Hobby or a Trade

question 53

Essay

In distinguishing whether an activity is a hobby or a trade or business, discuss the presumptive rule.


Definitions:

Résumé

A document that showcases your experience, education, and career goals and allows potential employers to quickly learn about you.

Technician

A skilled professional specialized in the technical aspects of maintenance, repair, and operation of machinery or technology.

Straightedge

A tool used for checking the flatness of surfaces or as a guide for drawing or cutting straight lines.

Feeler Gauge

A tool made of thin metal strips of varying thicknesses used to measure gap widths, such as in spark plug gaps.

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