SPYGLASS PARTNERS v. COMMISSIONER

Docket Nos. 22789-93, 22790-93, 22791-93.

70 T.C.M. 770 (1995)

T.C. Memo. 1995-452

Spyglass Partners, Richard E. Shea, Tax Matters Partner, et al. v. Commissioner.

United States Tax Court.

Filed September 25, 1995.


Attorney(s) appearing for the Case

J. Gordon Hansen, Salt Lake City, Utah, John B. Wilson, and Scott R. Carpenter, for the petitioners. Richard W. Kennedy, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

GERBER, Judge:

Respondent issued a notice of final partnership administrative adjustments to each of the three partnerships involved in these consolidated cases, determining adjustments for the 1984 and 1985 taxable years. After concessions by the parties, the sole issue for consideration is whether any of the partnerships purchased condominiums in December 1983 for purposes of determining whether deductions may be...

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