I think you are mixing and matching the rules re: hobby vs business.
Whether you carry on the activity in a businesslike manner and maintain
complete and accurate books and records.Whether you have personal
motives in carrying on the activity.Whether...
some helpful info but too broad. Some of whats stated in the first link
is good but not altogether helpful and could get many audited. Does the
individual have receipts to back up the original purchase price? There
are fees involved etc.....but the m...
