SERENBETZ v. COMMISSIONER

Docket No. 1397-94.

72 T.C.M. 1264 (1996)

T.C. Memo. 1996-510

Robert Serenbetz and Karen J. Serenbetz v. Commissioner.

United States Tax Court.

Filed November 18, 1996.


Attorney(s) appearing for the Case

Robert and Karen J. Serenbetz, pro sese. Margaret S. Rigg, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

JACOBS, Judge:

By separate notices of deficiency, both dated December 17, 1993, respondent determined the following deficiencies in petitioners' Federal income taxes:

Year                             Deficiency

1991 .........................    $8,256.75
1992 .........................     7,810.00

The dispute between the parties concerns the deductibility of losses reported...

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