Archived posting to the Leica Users Group, 2015/03/03
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Good facts. I'm a little surprised the Service picked on that one - maybe her definition of business expense was a little expansive. The hobby loss cases can be bad in that all the deductions can wind up as itemized deductions, resulting in paying alternate minimum tax on the gross proceeds. Ken On 3/3/2015 11:33 AM, Robert Adler wrote: > I've always said that if Renoir, Manet, etc had deducted their expenses the > IRS would disallow the deductions. Seems change is in the wind: > http://www.nytimes.com/2014/10/07/arts/design/tax-court-ruling-is-seen-as-a-victory-for-artists.html?smid=fb-share&_r=0 >