OSBORNE v. COMMISSIONER

Docket No. 29901-85.

54 T.C.M. 1014 (1987)

T.C. Memo. 1987-553

Peter C. Osborne and Patricia L. Osborne v. Commissioner.

United States Tax Court.

Filed November 2, 1987.


Attorney(s) appearing for the Case

George M. Foote, Jr., 4103 Chanin Bridge Rd., Fairfax, Va., for the petitioners. Richard J. Wood, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined a deficiency in petitioners' Federal income tax for the year ending December 31, 1982 in the amount of $700. Some of the issues raised by the pleadings have been disposed of by agreement of the parties leaving for decision whether certain property, owned by petitioner Patricia L. Osborne in Hillcrest Heights, Maryland was held for production of income or in an activity entered into...

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