KNUDSEN v. COMMISSIONER OF INTERNAL REVENUE

No. 18246-04.

131 T.C. No. 11

DENNIS L. AND MARGARET J. KNUDSEN, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Tax Court.

Filed November 12, 2008.


Attorney(s) appearing for the Case

Jack D. Flesher and Brian A. Turney, for petitioners.

Ann L. Darnold, for respondent.


SUPPLEMENTAL OPINION

MARVEL, Judge.

On December 19, 2007, pursuant to Rule 161,1 petitioners filed a timely motion for reconsideration of this Court's Memorandum Opinion in Knudsen v. Commissioner, T.C. Memo. 2007-340 (Knudsen I). In Knudsen I we held that petitioners' exotic animal breeding activity was not an activity engaged in for profit within the meaning of section 183. Petitioners request that we...

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