McCARTHY TRUST v. COMMISSIONER

Docket No. 28106-81.

86 T.C. 781 (1986)

KATHERINE LYNN McCARTHY TRUST, DATED 12/27/76, LYNN McCARTHY, SUCCESSOR TRUSTEE, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 22, 1986.


Attorney(s) appearing for the Case

Curtis Darling, for the petitioners.

Lin Murphy, for the respondent.


JACOBS, Judge:

Respondent determined a deficiency in petitioner's 1979 Federal income tax in the amount of $10,506.1 The issue for decision concerns the amount of petitioner's alternative minimum taxable income for purposes of calculating the alternative minimum tax imposed by section 55(a).2 Resolution of the amount of petitioner's alternative minimum taxable income is dependent upon whether interest...

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