SANDOR v. COMMISSIONER

Docket No. 7791-72.

62 T.C. 469 (1974)

ANDREW A. SANDOR AND JEANNE SANDOR, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed July 3, 1974.


Attorney(s) appearing for the Case

Robert D. Alban, for the petitioners.

George McDonald, for the respondent.


DRENNEN, Judge:

Respondent determined a deficiency in petitioners' income tax for the year 1968 in the amount of $27,090.

Petitioners accounted for their income on the cash basis. The deficiency determined by respondent in the notice of deficiency resulted from the disallowance of a deduction for prepaid interest in the amount of $38,021 and disallowance of part of a claimed loss from a partnership. The partnership loss issue has been conceded by petitioner...

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