GRUBB v. DEPT. OF REV., 10 OTR 512 (1987)

GRUBB et al v. DEPARTMENT OF REVENUE TC 2559In the Oregon Tax Court. December 8, 1987. Taxation — Deductions and exemptions — Trade or business andtransactions for profit 1. IRS § 183(d) raises a presumption of “for profit” if the taxpayer realizes a profit in two out of seven years of operation. Taxation — Deductions […]

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