High Court Says Nay To Reviving Horse Owner's Deductions

By Amy Lee Rosen · February 19, 2019, 8:31 PM EST

The U.S. Supreme Court declined Tuesday to review a Fourth Circuit decision that a horse owner had no profit motive in devoting $10 million to a horse racing business and could...

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Documents

Case Information

Case Title

Cecilia M. Hylton, Petitioner v. Commissioner of Internal Revenue

Case Number

18-789

Court

Supreme Court

Nature of Suit

U.S. Tax Court 

Date Filed

December 20, 2018