Memorandum Findings of Fact and Opinion
COHEN, Judge:
Respondent determined deficiencies of $4,682 and $6,587 in petitioner's Federal income tax for 1985 and 1986, respectively. After concessions, the sole issue for decision is whether petitioner is entitled to deductions for depreciation, insurance, and slip rent with respect to his boat for 1985 and 1986.
Unless otherwise indicated, all section references are to the Internal Revenue Code in effect...
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