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"a reasonable expectation "
A nice concept, as the tax examiner sits you down and says "Well now, you've never had any experience with this type of business, you've done no marketing, hired no help, and exactly what reason did you think there was that it was going to succeed?"
I don't think our IRS is forced to use the 3/5 years criteria for hobby/business, it is ust one of the ways they have to take the question of "And what drugs were you smoking when you got this idea?" out of the process. < G >
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