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Author Question: For the years 2012 through 2016 (inclusive) Max, a surgeon, has been involved in bowling ... (Read 109 times)

jrubin

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on: Sep 13, 2020
For the years 2012 through 2016 (inclusive) Max, a surgeon, has been involved in bowling competitions. Only in 2015 and 2016 did his revenue exceed the expenses from the activity. Which statement is correct?
◦ The activity is a business. The IRS cannot prove it is a hobby.
◦ The activity is a hobby. Max cannot prove it is a business.
◦ The activity is presumed to be a business. However, the IRS may prove it is a hobby.
◦ The activity is presumed to be a hobby. However, Max may prove it is a business.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by jrubin on Sep 13, 2020

b614102004

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrubin

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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