Right.  But, whatever you cited, seems incomplete.  Thats all.

For instance, is the definition at the link below, created in a law somewhere?

https://www.irs.gov/charities-non-profits/trade-or-business-defined:

In statutory law, legal definitions prevail in the section in which they are defined. 

kytt

I don't think you cited a glossary definition of "trade or business".

jeff

bitcoin

New Bitcoin tax reporting obligations took effect on new year’s day

Rsync25

> The Infrastructure Investment and Jobs Act, which passed Congress in November of 2021, included a provision amending the Tax Code to require anyone who receives $10,000 or more in cryptocurrency in the course of their **trade or business** to make a report to the IRS about that transaction.

What is a 'trade or business' according to the IRS?

26 USC 7701(a)(26)
The term “trade or business” includes the performance of the functions of a public office.

Meaning: this regulation is meaningless. 