HAMBROSE LEASING v. COMMISSIONER

Docket Nos. 17736-88, 17742-88.

99 T.C. 298 (1992)

HAMBROSE LEASING 1984-5 LIMITED PARTNERSHIP, BARRY M. GOLDWATER, JR., TAX MATTERS PARTNER, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT HAMBROSE LEASING 1984-2 LIMITED PARTNERSHIP, BARRY M. GOLDWATER, JR., TAX MATTERS PARTNER, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed September 1, 1992.


Attorney(s) appearing for the Case

Elliot Silverman and Jeffrey A. Schantz, for petitioner.

Elizabeth P. Flores, for respondent.


OPINION

TANNENWALD, Judge:

By notices of final partnership administrative adjustment (FPAA), respondent disallowed certain deductions claimed by Hambrose Leasing 1984-5 Limited Partnership and Hambrose Leasing 1984-2 Limited Partnership1 for depreciation, guaranteed payments, office expenses, and interest expenses for the partnerships' 1984 taxable year.

Respondent has conceded all of the issues raised in the FPAA...

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