GOODWIN v. COMMISSIONER

Docket No. 12561-77.

75 T.C. 424 (1980)

RICHARD C. GOODWIN AND ELAINE GOODWIN, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed December 29, 1980.


Attorney(s) appearing for the Case

Robert E. Schlusser, for the petitioners.

Stephen E. Sokolic, for the respondent.


DAWSON, Judge:

Respondent determined a deficiency in petitioners' Federal income tax for the year 1972 in the amount of $32,640.68.1 During 1972, Richard C. Goodwin was a partner in two real estate limited partnerships, the Bethlehem Development Co. and D. M. Associates, both of which were formed to construct and operate certain housing projects. Respondent disallowed his distributive share of certain expenses deducted by the partnerships...

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