[net.taxes] Amusing quote from the IRS

jimla@tekig.UUCP (James G. Larsen) (01/30/85)

From IRS Publication 527:  Rental Property

"You may choose to postpone the determination that rental is not for
profit by filing Form 5213, Election to Postpone Determination as to
Whether the Presumption that an Activity is Engaged in for Profit
Applies.  See Publication 535, Business Expenses, for more
information."