28 May 1990 T.I. (October 1990 Access Letter, ¶1446)

A loss from a rental operation carried on without a reasonable expectation of profit is not an investment expense.

Where as a result of a temporary move to another city, an employee rents out his house at a rent which is less than the expenses of maintaining...

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Where as a result of a temporary move to another city, an employee rents out his house at a rent which is less than the expenses of maintaining...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.