Daniel E. Hendricks Barbara E. Hendricks v. Commissioner of the Internal Revenue Service

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• upholding Tax Court’s finding of lack of profit motive on the part of a surgeon who spent most weekends and some weekdays working on his farm, which showed a profit only once in twenty years, though taxpayer took several steps to reduce costs and improve profitability
• “[T]he mere expectation that land values may appreciate is not sufficient, in itself, to demonstrate that an activity was engaged in for profit.”
• mere expectation of asset appreciation, without probative foundation, is insufficient to support profit motive
• 20 years of losses with 1 profitable year

Source: CourtListener parenthetical corpus (CC0).