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REXROAD v. COMMISSIONER

Docket No. 12111-82.

49 T.C.M. 1253 (1985)

T.C. Memo. 1985-189

Lyle Rexroad and Teresa Rexroad v. Commissioner.

United States Tax Court.

Filed April 17, 1985.

Attorney(s) appearing for the Case

Lyle Rexroad, pro se, Long Beach, Calif. Christine Barish, for the respondent.

Memorandum Findings of Fact and Opinion

JACOBS, Judge:

Respondent determined a deficiency in petitioners' Federal income tax for 1978 of $8,510 and an addition to tax under section 6653(a)1 of $425. After concessions by both parties, the only issue remaining for decision is whether petitioner Lyle Rexroad's boat racing activity during 1978 was an activity engaged in for profit under section 183.

Findings of Fact

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