Losantiville Country Club v. CIR

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Case overview

Case Number:

17-2394

Court:

Appellate - 6th Circuit

Nature of Suit:

Tax Court 

  1. October 15, 2018

    6th Circ. Rejects Country Club's Event Losses As Tax Offset

    The Sixth Circuit on Monday rejected an Ohio country club's bid to offset tax on about $45,000 in investment income with losses incurred for nonmember events, saying the events were not conducted with a reasonable expectation of making a profit.

  2. May 04, 2018

    See 'Profit Motive' In Losses, Ohio Country Club Asks 6th Circ.

    A country club in Ohio asked the Sixth Circuit Thursday to view the losses it incurred for nonmember services as part of profit-oriented activity so those claims could offset investment income earned in previous tax years.