Fitch, et al. v. Comr., T.C. Memo. 2012-358

(petitioner (tax practitioner) and wife (real estate agent) owned rental properties; deduction for expenses related to one property allowed because petitioner had intent to rent property out during year at issue and expenses incurred were for purpose of producing income in conjunction with I.R.C. Sec. 212; petitioner rendered management services, advertised property for rent and sought insurance coverage).