If an activity involves horses, a profit in at least two of seven consecutive years meets the presumptive rule of § 183.

Name: If an activity involves horses, a profit in at least two of seven consecutive years meets the presumptive rule of § 183.
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According to the IRS guidelines (§ 183), a profit in at least two of seven consecutive years for an activity involving horses meets the presumptive rule, which creates a presumption that the activity is engaged in for profit.

If an Activity Involves Horses, a Profit in at Least