<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, January 3, 2018 12:04 PM</td></tr><tr><td>To:</td><td>Jeffrey epstein</td></tr></table>

Is this activity a business or .... a personal relatio=ship masquerading as a business, in order to get deductions.

A=legitimate business, according to the IRS <https://www.irs.gov/instructi=ns/i1040sc> :

- the=activity is engaged in "with continuity and regularity."

chttps://www.irs.govinewsroom/business-=r-hobby-answer-has-implications-for-deductions> The IRS to has be used a set in of determining guidelines whether an activity is a =egitimate business or a hobby:

• Does the time and e=fort put into the activity indicate an intention to make a profit?

* Does the taxpayer depend on income from the activity?=/p>

• Has the taxpayer =hanged methods of operation to improve profitability?

* =em>Has the taxpayer made a profit in similar activities in the past</em>

please note

The information contained in this communication is confidential, may b= attorney-client privileged, may constitute inside information, and is =ntended only for the use of the addressee. It is the property of JEE=br>Unauthorized use, disclosure or copying of this communication or any=part thereof is strictly prohibited and may be unlawful. If you have re=eived this communication in error, please notify us immediately by r=turn e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication a=d all copies thereof, including all attachments. copyright -all rights =eserved

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