TaxProf Blog – Bryan Camp: Lesson From The Tax Court: Why Vacation Home Losses Are Difficult To Deduct (October 5, 2020)

Bryan Camp has published an article on the TaxProf Blog, titled Lesson From The Tax Court: Why Vacation Home Losses Are Difficult To Deduct. The article begins as follows:

Tax shelters come in many forms.  Some shelters are activities that have no genuine economic purpose; they exist simply to generate tax benefits.  Some micro-captive insurance arrangements are a great example, as you can learn from this wonderful brief by former tax officials filed recently in a Supreme Court case.  Other shelters are activities that allow taxpayers to deduct otherwise non-deductible personal expenses.

Click here to see full article: Lesson From The Tax Court: Why Vacation Home Losses Are Difficult To Deduct.

Posted by Elise Kim, Managing Associate Editor, Wealth Strategies Journal.

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