MERCER v. COMMISSIONER

Docket No. 5582-64.

25 T.C.M. 467 (1966)

T.C. Memo. 1966-82

Loy D. Mercer v. Commissioner.

United States Tax Court.

Filed April 20, 1966.


Attorney(s) appearing for the Case

Courtney Vallentine, 515 Roma, N. W., Albuquerque, N. Mex., for the petitioner. Leo K. O'Brien, for the respondent.


Memorandum Findings of Fact and Opinion

DRENNEN, Judge:

Respondent determined deficiencies in petitioner's income tax for the years 1962 and 1963 in the amounts of $1,100.02 and $751.86, respectively.

The only issue is whether petitioner may deduct the sums of $5,500 in 1962 and $3,500 in 1963 paid to petitioner's brother, allegedly for the care and feeding of petitioner's cattle, as losses incured in the business of raising cattle in those years...

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