Crile v. Commissioner

BVLaw
Full Text of Court Cases
October 2, 2014
8999 Services, NEC
711510 Independent Artists, Writers, and Performers
federal taxation

Crile v. Commissioner
2014 Tax Ct. Memo LEXIS 198
US
Federal Court
Federal
United States Tax Court
Elizabeth von Habsburg (art appraiser, respondent); none (petitioner)
Lauber

Summary

Court says artist’s art making is business and IRS expert’s appreciation analysis is unreliable where the expert did not consider factors other than price of previously sold paintings; artist could reasonably expect to make profit despite prior losses.
Crile v. Commissioner
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See Also

Court Rejects Art Market Expert’s Profitability Analysis

Court says artist’s art making is business and IRS expert’s appreciation analysis is unreliable where the expert did not consider factors other than price of previously sold paintings; artist could reasonably expect to make profit despite prior losses.