BORCHERS v. COMMISSIONER

Docket No. 3576-86.

55 T.C.M. 1469 (1988)

T.C. Memo. 1988-349

Richard J. Borchers and Jane E. Borchers v. Commissioner.

United States Tax Court.

Filed August 4, 1988.


Attorney(s) appearing for the Case

Bernie H. Beaver, 4505 Edina Blvd., Minneapolis, Minn., for the petitioners. Gail K. Gibson, for the respondent.


Memorandum Opinion

RAUM, Judge:

The Commissioner determined a $13,322 deficiency in the 1982 income tax of petitioners, husband and wife. The issue before us is whether they are entitled to an investment tax credit under section 38, I.R.C. 1954, with respect to computer equipment leased by the husband (petitioner) to their wholly owned corporation.

The case was submitted on the basis of a stipulation of...

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