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WATSON v. COMMISSIONER

Docket No. 5211-76.

37 T.C.M. 857 (1978)

T.C. Memo. 1978-201

Wells Watson and Linda Watson v. Commissioner.

United States Tax Court.

Filed May 31, 1978.

Attorney(s) appearing for the Case

Hugh O. Mussina, 3131 Turtle Creek Blvd., Dallas, Tex., for the petitioners. Suzanne B. O'Neill, for the respondent.

Memorandum Findings of Fact and Opinion

HALL, Judge:

Respondent determined the following deficiencies in petitioners' Federal income tax:

  Year                     Deficiency

  1972 ..................  $  598.63
  1973 ..................   2,514.64
  1974 ..................   1,451.43

The sole issue for decision is whether $30,000 paid by petitioners in 1972 in connection with the purchase of Kelley Grass Company can be amortized...

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