1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 37 T.C.M.
  5. 37 T.C.M. 131 (1978)
 

YOUNG v. COMMISSIONER

Docket No. 2229-76.

37 T.C.M. 131 (1978)

T.C. Memo. 1978-19

Quen W. Young and Suzanne O. Young v. Commissioner.

United States Tax Court.

Filed January 18, 1978.

Attorney(s) appearing for the Case

Robert L. Beery, for the petitioners.

Eugene H. Ciranni, for the respondent.

Memorandum Findings of Fact and Opinion

HALL, Judge:

Respondent determined a $34,893.94 deficiency in petitioners' 1971 income tax, plus a $1,744.70 addition to the tax under section 6653(a).1 The issues remaining for decision are:

1. Whether petitioners are entitled to deduct $15,765 "interest" allegedly expended in connection with the purchase of seven rental properties;

2. Whether petitioners are entitled to...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases