201300040-I

Taxpayers did not show they were in the business of buying and selling properties. Their general expenses could not be deducted on Schedule C but were only deductible as miscellaneous itemized deductions on Schedule A subject to the 2% limitation.

Decision Date: 
2013-06-14 00:00:00
Tags: 
Hearing
PDF File: 
PDF icon DECISIONS_INDIV_2013_201300040-i.pdf
Category: 
Individual Income Tax