Manhattan Club Lawsuit
Post reply
Original Message:
Re: Manhattan Club Lawsuit (by Steven W):
Nathan, Deborah and Howard all obviously have received different advice on deductibility. So it seems clear to me that there is st worst uncertainty on the matter. When I inquired of TMC counsel many years ago I was advised that their position at that time was that approx 75% of the maintenance was deductible, akin to the factors (RE taxes, mtge interest) that are included in co-op maintenance. And for those who use the TMC for business purposes, my understanding is that lodging expense away from home is fully deductible against business income.