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Business, 30.10.2019 03:31 oliviablue7535

For the years 2010 through 2014 (inclusive) max, a surgeon, has been involved in bowling competitions. only in 2013 and 2014 did his revenue exceed the expenses from the activity. which statement is correct? a) the activity is a business. the irs cannot prove it is a hobby. b) the activity is a hobby. max cannot prove it is a business. c) the activity is presumed to be a business. however, the irs may prove it is a hobby. d) the activity is presumed to be a hobby. however, max may prove it is a business.

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