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WOODS v. COMMISSIONER

Docket No. 19821-82.

49 T.C.M. 1490 (1985)

T.C. Memo. 1985-233

Homer Arthur Woods and Barbara Ann Woods v. Commissioner.

United States Tax Court.

Filed May 14, 1985.

Attorney(s) appearing for the Case

Homer Arthur Woods, pro se, Pahrump, Nev. Patrick E. McGinnis, for the respondent.

Memorandum Findings of Fact and Opinion

FAY, Judge:

Respondent determined a deficiency of $1,741.00 in petitioners' 1979 Federal income tax. The only issue is whether petitioners' auto racing was an activity not engaged in for profit under section 183.1

Findings of Fact

Some of the facts have been stipulated and are so found.

Petitioners, Homer Arthur Woods (hereinafter petitioner) and Barbara Ann Woods...

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