DUNN v. COMMISSIONER

Docket No. 30798-87.

57 T.C.M. 1295 (1989)

T.C. Memo. 1989-428

Harley E. Dunn and Donna J. Dunn v. Commissioner.

United States Tax Court.

Filed August 15, 1989.


Attorney(s) appearing for the Case

Harley E. Dunn, pro se.

Edwina L. Charlemagne, for the respondent.


Memorandum Findings of Fact and Opinion

WHITAKER, Judge.

By statutory notice dated June 17, 1987, respondent determined a deficiency in petitioners' 1981 Federal income tax in the amount of $70,719.22. The issues are whether petitioners are entitled to a business bad debt deduction pursuant to section 1661 in the amount of $170,493 and whether they are entitled to a deduction for interest paid pursuant to section 163 in the amount...

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