BORCHERT v. UNITED STATES

No. 84-1241.

757 F.2d 209 (1985)

Mr. Martin BORCHERT and Mrs. Rosemary Borchert, Dr. James F. Kyser and Mrs. Patricia A. Kyser and Mr. Fred Selz and Mrs. Miriam Selz, Appellants, v. UNITED STATES of America, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided March 19, 1985.


Attorney(s) appearing for the Case

O.H. Storey, III, Little Rock, Ark., for appellants.

Thomas Preston, Tax Div., Dept. of Justice, Washington, D.C., for appellee.

Before HEANEY and McMILLIAN, Circuit Judges, and MEREDITH, District Judge.


HEANEY, Circuit Judge.

Martin Borchert, James F. Kyser, Fred Selz, and their spouses appeal from an order of the district court1 granting summary judgment in favor of the United States. For reversal, the appellants contend that the district court erred in disallowing deductions for certain alleged interest payments. For the reasons discussed below, we affirm.

In 1970, the appellants organized a partnership to construct and operate...

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