Estate of Melvin W. Isaacson, Deceased, Miriam A. Isaacson, and Miriam A. Isaacson v. Commissioner of Internal Revenue

This appeal from a decision of the United States Tax Court (Mary Ann Cohen, Judge) challenges the disallowance of distributive shares of losses claimed by taxpayers who purchased limited partnership interests in a real estate tax shelter venture. The appeal is brought by Miriam A. Isaacson, acting both for herself and as administratrix of her husband’s estate. The Commissioner of Internal Revenue determined a deficiency for the taxable year ending December 31,1981, resulting from the disallowance of depreciation and interest deductions claimed by the limited partnership in which the taxpayers…