RESNIK v. COMMISSIONER

Docket No. 8610-73.

66 T.C. 74 (1976)

BERNARD RESNIK AND BEVERLY RESNIK, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 12, 1976.


Attorney(s) appearing for the Case

Lawrence M. Schulner, for the petitioners.

Robert E. Casey, for the respondent.


OPINION

GOFFE, Judge:

The Commissioner determined a deficiency in the Federal income tax of petitioners for the taxable year 1969 in the amount of $15,135.30. The sole issue for decision is whether petitioners are entitled to deduct their claimed distributive share of a partnership loss produced by the prepayment of interest by the partnership for a period in excess of 4 years.

All of the facts have...

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