ENGELHARDT v. COMMISSIONER

Docket Nos. 2463-67, 2464-67.

27 T.C.M. 867 (1968)

T. C. Memo. 1968-177

Vernon Engelhardt and Laverne Engelhardt v. Commissioner. William Engelhardt v. Commissioner.

United States Tax Court.

Filed August 12, 1968.


Attorney(s) appearing for the Case

George Voss, First Nat'l Bank Bldg., Dodge City, Kan., for the petitioners. Charles H. Powers, for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined a deficiency in income tax of Vernon and Laverne of $7,664.90 for 1964 and deficiencies in income tax of William of $4,797.20 for 1961 and $3,405.02 for 1964.

Vernon and Laverne allege that the Commissioner erred in disallowing $23,324.15 as deductions from losses on advances to Colby Livestock Auction, Inc.

William alleges that the Commissioner erred in determining that the petitioner...

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