@mpsingh08 wrote: ....requirement of having to show profit in at least 2 of 5 years
....requirement of having to show profit in at least 2 of 5 years
It is three of five consecutive years.
See https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...
See also https://www.irs.gov/pub/irs-utl/irc183activitiesnotengagedinforprofit.pdf
