Photographer Inspired By Ansel Adams Does Not Fare Well Against IRS In Tax Court

The Tax Court's decision in the case of Victor and Daniela Kantchev did not really break any new ground in the hobby loss analysis of his photography business.  If anything the Court took some ground that taxpayers had won from the IRS back.  There was another aspect to the case that was even more interesting.  Mr. Kantchev lost money not only as a photographer, but also as a filmmaker and the filmmaker losses were denied on other grounds perhaps providing another illustration of Relly's Fou...