§1831
5 cases·3 followed·2 cited—60% support
Statute Text — 26 U.S.C. §1831
Statute text not available for this section.
5 Citing Cases
We decide two remaining issues: (1) whether petitioners' horse-breeding activity was "an activity not engaged in for profit" within the meaning ofsection 1831 for 2007.
We decide two remaining issues: (1) whether petitioners' horse-breeding activity was "an activity not engaged in for profit" within the meaning ofsection 1831 for 2007.
- 2 - The sole issue for decision is whether petitioner's horseracing and horse-breeding activity was undertaken with the objective of making a profit within the meaning of section 1831 during the years at issue.
§ 1831 and accompanying regulations. 3. Consummation of Agreement William and Mr. Farkas, along with their respective advisors, spent the better part of November and December negotiating the terms of a TBW acquisition of Holding. As the principal regulator, OTS met Mr. Farkas in November and learned the contours of the deal in the required capital
Swanson’s fishing charter activity was not a business for profit Served 06/29/23 2 [*2] within the meaning of section 1831 and that he was not entitled to business expense deductions.