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Business & farm
That is theoretically possible for the past year that is being questioned. He can add a business expense for her transactions, then she can add a schedule C in her name and show a break even (showing a loss on personal capital property would be very dangerous). They would also have to write a letter explaining what they did. However, if the IRS comes back and asks to see her records, they're back where they started.
‎June 6, 2019
5:51 AM