The article discusses the Morton v. United States case, where the court ruled that Peter Morton's aircraft operations were part of a 'unified business enterprise' and not subject to hobby loss limitations. The court's decision was based on the integration of Morton's aircraft operations with his other business activities, including a C corporation. The article explores the implications of this ruling for business owners using aircraft in multiple business entities and the potential for treating aircraft operations as part of an overall business enterprise.
documents/EFTA00591501.pdf
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