CARROLL v. COMMISSIONER

Docket No. 15964-91.

67 T.C.M. 2995 (1994)

T.C. Memo. 1994-229

James R. Carroll and Dorothy A. Carroll v. Commissioner.

United States Tax Court.

Filed May 24, 1994.


Attorney(s) appearing for the Case

Dudley W. Taylor, 640 Market St., Knoxville, Tenn., for the petitioner. William W. Kiessling, for the respondent.


Memorandum Findings of Fact and Opinion

BEGHE, Judge:

Respondent determined a deficiency of $19,179.25 in petitioners' 1988 Federal income tax. The deficiency was attributable to respondent's disallowance of a $58,119 subchapter S pass-through loss reported on petitioners' 1987 income tax return and carried over to their 1988 income tax return as part of a net operating loss. By amendment to answer, respondent alleged an increase in deficiency attributable...

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