Langston, et al v. CIR
Case Number:
19-9002
Court:
Nature of Suit:
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October 05, 2020
Couple Can't Deduct Yacht, RV Depreciation, 10th Circ. Says
An attorney-engineer couple can't claim depreciation deductions on a yacht and recreational vehicle because they are generally used for entertainment or transportation and are consequently barred from business deductions, the Tenth Circuit ruled.
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November 06, 2019
Atty, Husband Correctly Denied Yacht Deductions, 10th Circ. Told
An attorney and her engineer husband were properly denied depreciation deductions for their yacht and recreational vehicle by the U.S. Tax Court, the Internal Revenue Service told the Tenth Circuit on Wednesday.