Written by attorney James Oberholtzer | Feb 2, 2018

Hobby Loss: Not just horse racing

Some activities have been associated with the idea of a tax shelter for wealthy taxpayer. These are commonly understood to be in danger of challenge from the IRS for hobby loss disallowance. However, the rules apply to any activity that does not generate a profit for several years in a row.

Rate this guide

Can’t find what you’re looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer