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Thursday, March 21, 2019

TAXPAYERS LOSE CASE ON HORSE LEASING VENTURE

A new Tax Court case involved $1.3 million in deductions for amounts that Scott and Debra Householder paid to a thoroughbred horse-leasing operation called ClassicStar for leases that turned out to be a scam. [Householder v. Commissioner, T.C. Memo. 2018-136.]

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