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Get your taxes done using TurboTax
@DM26 wrote:.....You can’t have it both ways! Unless of course you elect the safe harbor which does not require “regular and continuous conduct of the activity” as does with section 162 but instead only 250 hours for the year.
The above quoted passage, particularly the last sentence, was what I thought was missing from your previous post. Regardless, I now realize that we are in complete agreement on this issue.
April 8, 2021
8:26 AM
2,502 Views