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In response to "if you look at the article, specific examples are of the bullshit variety - maintaining that a vacation estate is a business for losses" by Reagen

I have personal experience with that "my lawyers vs the IRS" point. My wife benefits from a family trust that the IRS didn't want to litigate

Because of the cost to do so.

My taxes should be higher and my standard of living would suffer not a whit.


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