U.S. Tax Court Memorandum Decision Partially Upholds Taxpayer’s Business Expense Deductions

The U.S. Tax Court, in a memorandum decision, held that the taxpayers’ software development and most of their home construction activities were engaged in for profit, allowing deductions for business …

The U.S. Tax Court, in a memorandum decision, held that the taxpayers’ software development and most of their home construction activities were engaged in for profit, allowing deductions for business expenses to the extent substantiated. Taxpayers, a… [479 chars]

Source: Bloomberg Tax News | Published: 2026-02-09T22:36:30Z

Credit: Bloomberg Tax News