Which of the Following Is Not Relevant in Deciding Whether

question 143

Multiple Choice

Which of the following is not relevant in deciding whether an activity is profit-seeking or a hobby?

• A)The time and effort expended.
• B)The expertise of the taxpayers or their advisers.
• C)The history of income or losses from the activity.
• D)The tax benefits of the activity to the taxpayer.
• E)All of the above factors are to be considered.