Bramlett v. Comr., T.C. Sum. Op. 2012-73

(petitioner, Schedule C taxpayer with aerial photography business began selling light aircraft and reported the expenses of that activity also on the Schedule C with a reported combined loss of approximately $90,000 and only $10,000 of income; losses not deductible because light aircraft sale business in start-up phase during tax year in issue - $5,000 deduction with excess costs amortized over 15 years).