Couple Can't Deduct Yacht, RV Depreciation, 10th Circ. Says

By Theresa Schliep · October 5, 2020, 2:52 PM EDT

An attorney-engineer couple can't claim depreciation deductions on a yacht and recreational vehicle because they are generally used for entertainment or transportation and are consequently barred from business deductions, the Tenth...

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Case Information

Case Title

Langston, et al v. CIR

Case Number

19-9002

Court

Appellate - 10th Circuit

Nature of Suit

Tax Court (agency) 

Date Filed

August 12, 2019