Article Date:
February 2014


Word Count:
930

 

 

Tax Deductions for Entertainment Facility; Part 4, Vacation Home


Here is a bit of good news: your vacation home can produce business deductions.

 

But you need to avoid having your vacation home classified as an entertainment facility in order to qualify for business deductions.

 

Entertainment Destroys Deductions

 

The U.S. court system is based on precedent. If a court such as the full Tax Court generates precedent and says something is true, then the next case in that court with similar facts generally follows the first ruling. In the court system, this has the formal name of stare decisis.

 

Because you are a business taxpayer, precedent ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee