[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-8050":3},{"rec_id":4,"title":5,"text":6},"8050","What is a trade or business for the excess business loss limitation?","An activity qualifies as a trade or business if your primary purpose for engaging in the activity is for income or profit and you are involved in the activity with continuity and regularity.\r\n\u003Cbr>\u003Cbr>\r\nYou do not need to actually make a profit to be in a trade or business as long as you have a profit motive. However, you do need to make ongoing efforts to further the interests of your business.\r\n\u003Cbr>\u003Cbr>\r\n\u003Cb>Note:\u003C/b> If you own an interest in a partnership or S corporation, the trade or business determination is made at that entity's level.",1777391473828]