Profitable leisure activity

October 2, 2014

  • 220 Internal Revenue
  • 220I Nature and Extent of Taxing Power in General
  • 220I(E) Construction and Operation of Revenue Laws in General
  • 220k3027 In general

10-02-14Federal tax code does not prevent taxpayers from enjoying their work or from turning a leisure activity into a profitable one.

Jackson v. C.I.R., 2014 WL 3882498, (U.S. Tax Ct., 2014)