This Podcast considers a case involving two doctors who receive funds from the local school to use for the education of their autistic child.

The doctors attempted to claim they were running a business and attempted to deduct the net losses they incurred. The Tax Court analyzed this case under Section 183.

We also go on beyond this case (whose result probably isn't surprising to most listeners) to discuss the general "hobby loss" rules under Section 183.

The materials can be downloaded here.

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