McKENZIE v. COMMISSIONER

Docket No. 3285-71.

59 T.C. 139 (1972)

GILBERT C. McKENZIE AND ROXANNE M. McKENZIE, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed October 24, 1972.


Attorney(s) appearing for the Case

Dougal C. Pope, for the petitioners.

Robert H. Jones and Robert Liken, for the respondent.


OPINION

FEATHERSTON, Judge:

The Commissioner determined a deficiency in petitioners' income tax for 1968 in the amount of $22,069.69 based on numerous adjustments to the income and deductions reported in petitioners' income tax return. Within the statutory 90-day period, petitioners filed a petition in this Court alleging that the Commissioner erred (a) in failing to allow an interest expense deduction in...

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