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

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Case overview

Case Number:

18-789

Court:

Supreme Court

Nature of Suit:

U.S. Tax Court 

  1. February 19, 2019

    High Court Says Nay To Reviving Horse Owner's Deductions

    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 not deduct $17.4 million in losses from the endeavor.

  2. December 20, 2018

    Horse Owner Asks Justices To Review Biz Profit Motive Case

    A businesswoman has petitioned the U.S. Supreme Court to review a Fourth Circuit decision that found she did not have a profit motive in devoting $10 million to a horse-racing business.