MARINOVICH v. COMMISSIONER

Docket Nos. 36934-86, 21754-89.

77 T.C.M. 2075 (1999)

T.C. Memo. 1999-179

Mato L. Marinovich and Daphne Marinovich v. Commissioner.

United States Tax Court.

Filed May 28, 1999.


Attorney(s) appearing for the Case

John T. Morin and Edward S. Saviano, for the petitioners. Elizabeth Girafalco Chirich, for the respondent.


MEMORANDUM OPINION

SWIFT, Judge:

This matter is before us in these consolidated cases on respondent's motion for summary judgment with regard to the deductibility as a loss under section 165(c)(2) of the amount of cash invested in a tax shelter partnership.

Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the years in issue.

Background

Petitioners invested in White Rim Oil...

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