The Farm Loss Deduction: A Reply

Journal of the American Bar Association, Vol. 53, p. 1111, 1967

4 Pages Posted: 26 Feb 2012

Date Written: February 25, 1967

Abstract

In the May, 1967, issue of the Journal, there was an article which suggested amendment of the Internal Revenue Code as a cure for the "loophole" whereby wealthy people may obtain substantial tax savings by owning farms which they operate at a loss. Professor Dickinson argues that the proposal would place a severe burden on many farmers who already have serious economic problems. He also disputes the idea, which seems to be inherent in the position of the Commissioner of Internal Revenue, that a taxpayer cannot have a genuine intention to make a profit if his enterprise is speculative or experimental.

Suggested Citation

Dickinson, Martin B., The Farm Loss Deduction: A Reply (February 25, 1967). Journal of the American Bar Association, Vol. 53, p. 1111, 1967, Available at SSRN: https://ssrn.com/abstract=2011236

Martin B. Dickinson (Contact Author)

University of Kansas - School of Law ( email )

Green Hall
1535 W. 15th Street
Lawrence, KS 66045-7577
United States

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