Factor 1 of 90% complete
Factor 1 — Treasury Reg §1.183-2(b)

Do you run the activity in a businesslike manner?

Manner in which the taxpayer carries on the activity

Separate books, business bank account, written records, marketing plan, branding — concrete evidence you treat this as a business rather than a casual pursuit.

Do you run the activity in a businesslike manner? — pick the answer that best describes your situation

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