Taxpayer Wins in Tax Court - Another Real Estate Professional Case
Sunday, February 06
The name of the case: Patricia S. Windham v. Commissioner, (TC Memo 2017-68) Date opinion was issued: April 24th, 2017 The issue: The taxpayer was a part-time stockbroker. She also owned and managed 12 rental real estate properties during the 2010 tax year. The taxpayer handled every aspect of th...
Tax Court Rules Against Attorney Claiming Real Estate Professional
Thursday, January 27
The name of the case: Hakkak v. Commissioner, (TC Memo 2020-46) Date opinion was issued: April 13th, 2020 The issue: The tax court was deciding whether the taxpayer, a California personal injury attorney, was a real estate professional as it related to his activities in certain flow-through entit...