DWYER v. COMMISSIONER

Docket Nos. 42696-86, 35795-87, 28400-88.

61 T.C.M. 2187 (1991)

T.C. Memo. 1991-123

Paul Dwyer and Janice L. Dwyer, et al. v. Commissioner.

United States Tax Court.

Filed March 19, 1991.


Attorney(s) appearing for the Case

Robert A. Wherry, Jr., 425 S. Cherry St., Denver, Colo., for the petitioners. Richard D. D'Estrada, for the respondent.


Memorandum Findings of Fact and Opinion

COLVIN, Judge:

During the years 1980 through 1986, petitioners deducted net losses and claimed investment credits associated with auto racing activities of petitioner Paul S. Dwyer, and petitioners' son, Clark Dwyer.

After concessions,1 the sole issues for decision are:

(1) Whether petitioners' auto racing activity in 1980 and 1981 was engaged in for profit. We hold that...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases