DEAN v. COMMISSIONER

Docket No. 75523.

35 T.C. 1083 (1961)

J. SIMPSON DEAN AND PAULINA DUPONT DEAN, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 30, 1961.


Attorney(s) appearing for the Case

Laurence Graves, Esq., for the petitioners.

Edward L. Newberger, Esq., for the respondent.


OPINION.

RAUM, Judge:

The Commissioner determined deficiencies in income tax against petitioners for 1955 and 1956 in the amounts of $13,875.61 and $16,383.86, respectively. Petitioners are husband and wife; they filed joint returns for 1955 and 1956 with the director of internal revenue at Wilmington, Delaware. To the extent that the deficiencies still remain in controversy they raise the question whether petitioners were entitled to deduct as interest...

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