March 7, 2022 Partnership's environmental consulting activities were profit-driven, even if imperfect, Tax Court concludes In a taxpayer-favorable decision, the Tax Court has held (Jessica Walters, et al. v. Commissioner) that a partnership formed by a mother, father and adult daughter was engaged in a for-profit green construction/consulting business through the construction and promotion of an environmentally constructed show home. The "partnership's efforts were not perfectly executed, but its actions overall fall in favor of a conclusion that it was seeking a profit," the court concluded. ——————————————— Jessica Walters, et al. v. Commissioner
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