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Fund Manager, Wife Can't Claim $1.9M Refund, Judge Rules

By Jaqueline McCool ( June 10, 2025, 5:28 PM EDT) -- A Florida investment fund manager and his wife are not entitled to a $1.9 million income tax refund resulting from a depreciation deduction related to a private jet because the entity that purchased the jet was not operating as a business, a federal judge ruled....

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