FOLEY v. COMMISSIONER

Docket No. 6901-73.

35 T.C.M. 263 (1976)

T.C. Memo. 1976-60

Phillip D. Foley and Becky Sue Foley v. Commissioner.

United States Tax Court.

Filed March 3, 1976.


Attorney(s) appearing for the Case

Daniel S. Davisson, 1107 Meridian St., P.O. Box 847, Anderson, Ind., for the petitioners. Thomas L. Kummer and Robert Ruwe, for the respondent.


Memorandum Opinion

STERRETT, Judge:

The respondent determined deficiencies in petitioners' federal income taxes for the taxable years 1970 and 1971 in the amounts of $8,947.44 and $27,210.83, respectively. One other adjustment to petitioners' 1971 tax return having been agreed to, the sole remaining issue is whether petitioners are entitled to deduct claimed farm expenses of $15,997.43 and $60,016.88 for...

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