If an Activity Involves Horses, a Profit in at Least

question 54

True/False

If an activity involves horses, a profit in at least two of seven consecutive years meets the presumptive rule of § 183.

---

Definitions:

Hypothesis

A proposed explanation for a phenomenon made as a starting point for further investigation, testing, or experimentation.

Plausible

Seeming reasonable or probable; believable or credible.

Indirectly

Not directly, but by means of an intermediate step or through a secondary cause.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, testing, or experimentation.