Article Date:
February 2014

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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.

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