Back to Search
Start Over
What kind of deduction is a hobby expense?
- Source :
- Journal of Accountancy. March, 2024, Vol. 237 Issue 3, p32, 2 p.
- Publication Year :
- 2024
-
Abstract
- In a case of first impression for the Eleventh Circuit, the court affirmed a Tax Court holding that expenses of activities not engaged in for profit, i.e., hobbies, are allowable [...]
- Subjects :
- Tax elections -- Laws, regulations and rules
Hobbies -- Laws, regulations and rules
Tax penalties -- Laws, regulations and rules
Expense deductions -- Laws, regulations and rules
Income tax -- Laws, regulations and rules
Gregory v. Commissioner (No. 22-10707 (11th Cir. May 30, 2023))
Government regulation
Subjects
Details
- Language :
- English
- ISSN :
- 00218448
- Volume :
- 237
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- Journal of Accountancy
- Publication Type :
- Periodical
- Accession number :
- edsgcl.792282005