LEMISHOW v. COMMISSIONER

Docket No. 18744-96.

110 T.C. 110 (1998)

ALBERT LEMISHOW, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed February 18, 1998.


Attorney(s) appearing for the Case

Albert Lemishow, pro se.

Mark L. Hulse and Laurence D. Ziegler, for respondent.


OPINION

TANNENWALD, Judge:

Respondent determined a deficiency in petitioner's Federal income tax in the amount of $170,968 and an accuracy-related penalty under section 6662(a)1 in the amount of $34,194 for the taxable year 1993. The issues for decision are:

(1) Whether petitioner's use of distributions from Keogh and individual retirement accounts (IRA's) to purchase stock which was contributed to an IRA constitutes...

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