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Dressage Riding Physician Convinces IRS On Hobby Loss Audit But Loses To Massachusetts Remember Rafalca, who played a small role in the 2012 election.  I rather irreverently referred to Rafalca as Romney's Olympic dancing horse and was incredibly embarrassed when I got the sports piece of the tax story wrong.   Rafalca was owned by Rob Rom Enterprises, LLC which flowed to the Romney return and had people discussing hobby loss rules, while it took my esteemed editor Janet Novack to set everyone straight on why the Rob Rom losses were limited on Romney's 2010 return - passive acti...
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