The question of whether a trade or business activity. The Court ruled that a very substantial margin tax and bond portfolio management activities was not a trade or business, while the real estate activities of the taxpayer really is a trade or business. After the case, the important 1987 U.S. Supreme Court decision affirming Higgins summed. By Justice Reed. "Hide
by Henry B. Reiling Source: Harvard Business School 3 pages. Publication Date: September 14, 1984. Prod. #: 285008-PDF-ENG
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