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Full-Text Articles in Law
Foreword, Richard L. Schmalbeck
Tax Legislation In The Reagan Era—Movement To Or From A Consumption Base?, Charles O. Galvin
Tax Legislation In The Reagan Era—Movement To Or From A Consumption Base?, Charles O. Galvin
Law and Contemporary Problems
No abstract provided.
Vacation Homes, Section 280a And Bolton V. Commissioner: The Right Result For The Wrong Reasons, Jeffrey T. Lawyer
Vacation Homes, Section 280a And Bolton V. Commissioner: The Right Result For The Wrong Reasons, Jeffrey T. Lawyer
Duke Law Journal
In response to widespread concern that many taxpayers were renting their vacation homes in order to deduct otherwise nondeductible, personal expenses, Congress in 1976 added section 280A 1 to the Internal Revenue Code. 2 By this enactment, Congress sought to limit the deductibility of vacation home expenses when a vacation home is used for both rental and personal purposes 3 by requiring taxpayers to allocate expenses associated with the vacation home between personal and rental use. Although in framing section 280A Congress set out to provide objective rules for determining that allocation, recent controversy concerning the interpretation of the section …