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Posted: 2/2/2016 5:58:28 PM EDT
Saw this today in a tax journal. Ended up being a decent monetary win for the taxpayer- saved him about $18K in taxes. Can't beat the Mr. Pigg involvement in a feral hog tax case.  Bottom line, if you own or lease the land you're hunting on, it might pay to keep a journal of time spent.  


Link Posted: 2/2/2016 6:23:19 PM EDT
[#1]
wut, no idea what this says. But good proof the entire code is ridiculous and needs to be tossed
Link Posted: 2/3/2016 12:34:32 AM EDT
[#2]
What it says is................money and time spent on hog eradication/control IS tax deductible.  In this case $18,000 worth.
Kool-aid powder, grain and over 100 hours of personal time invested gets this attorney $18K back.

If you have such a situation, keep records, receipts and mileage to support you claim.
Link Posted: 2/3/2016 9:47:21 PM EDT
[#3]
I would like for an attorney to chime in on this.
Link Posted: 2/4/2016 10:52:40 AM EDT
[#4]
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Quoted:
I would like for an attorney to chime in on this.
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I wasn't reading the tax journal for fun.  His ability to document his level of involvement in a 1280 acre farm (only about 130 acres were cultivated) allowed him to deduct losses over and above what a hobby farm would have.  His records (reconstructed or contemporaneous) allowed him to get out of the Section 469 general disallowance of losses from "passive activities" because he was able to show that he materially participated in the conduct of a business.  His records showed that he spent 210 and 360 hours in the two years working at and traveling to the farm in Texas (he lived in KY), and a part of that time included hog hunting.  Since he participated more than 100 hours in each year, and no one else spent more time in either year than he did, he got to deduct the losses.

The Tax Court's opinion can be found here.
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