Attorney’s Sideline of Restoring Cars Not a Hobby

The Tax Court concluded this was a business for which losses were deductible. He advertised in print and online, and traveled the country to scout for old Plymouths he could restore and sell for a profit. The fact that he enjoyed the work did not thwart his profit motive. He devoted considerable time to the activity and ran it like a business at a time when his patent business was experiencing a downturn.