BAIGENT v. COMMISSIONER

Docket Nos. 14646-81, 11752-82, 11756-82, 11758-82, 29583-82, 4191-83, 18208-83, 28679-83, 13148-84, 29677-84.

53 T.C.M. 1221 (1987)

T.C. Memo. 1987-314

Victor and Margaret Baigent, et al. v. Commissioner.

United States Tax Court.

Filed June 24, 1987.


Attorney(s) appearing for the Case

Edward B. Simpson, 201 California St., San Francisco, Calif., for the petitioners. Barbara M. Leonard, for the respondent.


Memorandum Findings of Fact and Opinion

JACOBS, Judge:

Each of these consolidated cases involves deductions, losses and investment tax credits claimed by petitioners with respect to their purchases of videotapes from Pro Video Productions, Inc. (Pro Video), either directly or as a partner in Diversified Investors I (Diversified), and respondent's disallowance thereof.

After concessions, the issues for decision are: (1) whether petitioners are entitled...

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