Perez v. Comm'r

ALMA PEREZ, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Perez v. Comm'r

Docket No. 5736-09

United States Tax Court

T.C. Memo 2010-232; 2010 Tax Ct. Memo LEXIS 270; 100 T.C.M. (CCH) 351;

October 25, 2010, Filed

Decision will be entered under Rule 155.

Cindy L. Ho, for petitioner.

Christian A. Speck, for respondent.

HAINES, Judge.

HAINES

MEMORANDUM OPINION

HAINES, Judge: Respondent determined a deficiency and a penalty under section 6662(a)1 with respect to petitioner's 2005 Federal income tax. After concessions 2 the sole issue presented to the Court is whether petitioner may deduct losses…