Terry v. Comr., T.C. Sum. Op. 2013-69

(petitioners, married couple, purchased condo and wife responsible for managing condo; wife did not keep contemporaneous written record showing time spent on condo rental activities; petitioners' Schedule E showed rental loss for which petitioners claimed deduction; petitioners failed to satisfy 750-hour test of I.R.C. Sec. 469(c)(7) due to lack of substantiation of time spent on rental activities).