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Business & farm
Your facts are very limited:
- Whether an activity is deemed sporadic or a trade or business is based on facts and circumstances
- You don't mention how many Zoom meetings you attended
- You don't indicate how you became involved in this project
- You don't mention how much you were paid
- You don't indicate whether this is something you have done in the past or expect to do in the future
- In general, a sporadic activity would be something that does not have a degree of recurrence, continuity, and availability. Where you fit in this spectrum based on the questions above will dictate the answer.
- Always keep in mind, that if the position is gray, the IRS may challenge your position.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
March 3, 2024
6:00 AM