CROSBY v. COMMISSIONER

Docket No. 1639-76.

36 T.C.M. 1401 (1977)

T.C. Memo. 1977-350

James Crosby and Carol Crosby v. Commissioner.

United States Tax Court.

Filed September 29, 1977.


Attorney(s) appearing for the Case

Thomas B. McCullough, Jr., 701 W. Manchester Blvd., Inglewood, Calif., for the petitioners. John W. Harris, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined deficiencies in petitioners' income tax for the calendar years 1972 and 1973 in the amounts of $876.45 and $1,010, respectively.

One of the issued raised by the pleadings was conceded by petitioners leaving for our decision the following:

Whether in each of the years here in issue petitioners are entitled to deduct amounts which they paid as interest with respect...

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