LAW v. COMMISSIONER

Docket Nos. 17315-82, 10054-83.

86 T.C. 1065 (1986)

WILLIAM J. LAW AND HELEN M. LAW, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed May 22, 1986.


Attorney(s) appearing for the Case

Melvin E. Pearl, Rex A. Guest, and Glenn A. Nadell, for the petitioners.

David D. Baier and Thomas J. Kane, for the respondent.


SIMPSON, Judge:

The Commissioner determined deficiencies in the petitioners' Federal income taxes of $7,962 for 1978 and $17,146 for 1979. The issues for decision are: (1) Whether William J. Law, as a limited partner in a partnership purportedly engaged in the purchase and distribution of a motion picture, is entitled to deductions for a distributive share of losses reported by the partnership and, if so, in what amounts...

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