| http://www.w3.org/ns/prov#value | - In May, the court looked to 45 IAC 3.1-1-29 and 30 for guidance in determining whether income is business or non-business income under the transactional test. 45 IAC 3.1-1-29 "states that the 'critical element in determining whether income is 'business income' or 'nonbusiness income' is the identification of the transactions and activity which are the elements of a particular trade or business.'
|
