Atty Can Deduct $303K In Racing Ad Costs, 10th Circ. Told
Law 360
APRIL 23, 2024
A Colorado attorney asked the Tenth Circuit to reverse a U.S. Tax Court decision that prevented him from deducting $303,000 in advertising expenses tied to his automobile racing, saying the lower court incorrectly ruled that the costs were related to a hobby rather than his litigation practice.
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