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Depreciation Deduction, Rental Income, And Passive Activity | TaxConnections Depreciation Deduction, Rental Income, And Passive Activity
Heather P. Dunn and Edison Dunn v. Comm’r |T.C. Memo 2022-112 | November 29, 2022 | Wells, J. | Dkt. No. , No. 9996-17 Short Summary: At issue in this case are several deductions that the taxpayers claimed – including depreciation and certain losses from passthrough of their wholly-owned corporation. Unfortunately, the taxpayers in this Depreciation Deduction, Rental Income, And Passive Activity