Sutton v. Commissioner
United States Tax Court
Ps claimed losses in connection with the ownership of specially equipped refrigerated highway freight trailers. Held, Ps may not deduct the claimed losses since they did not engage in the activities for profit within the meaning of sec. 183, I.R.C. 1954.
1Opinion of the Court
Nims, Judge:
In these consolidated cases, respondent determined the following deficiencies in petitioners’ Federal income taxes:
Docket No. Petitioner Year Deficiency
22131-81 William F. Sutton 1977 $62,616.00
and Helen C. Sutton 1978 60,127.00
22639-81 John F. Knowlton 1977 61,924.00
and Betty W. Knowlton 1978 63,281.00
28537-81 Joseph W. Fleece, Jr., 1975 13,784.00
and Joanne M. Fleece 1976 9,200.00
1977 108,792.00
1978 69,457.00
1979 97,811.00
13350-82 John C. Pruitt 1976 44,301.10
and Frances M. Pruitt 1977 101,453.70
1978 74,268.70
1979 17,446.18
18891-82. Jules Dressier and Muriel Dressier 1978 2,084.00
2Cases cited15 opinions
- Dreicer v. CommissionerUnited States Tax Court · 1982
- Golanty v. CommissionerUnited States Tax Court · 1979
- Fox v. CommissionerUnited States Tax Court · 1983
- Estate of Baron v. CommissionerUnited States Tax Court · 1984
- John W. Barnard & June W. Barnard, Earl D. Kay, Jr. & Nancy O. Kay, Joseph J. Allen & Jennene S. Allen v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1984
10 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- Rose v. CommissionerUnited States Tax Court · 1987
- Waddell v. CommissionerUnited States Tax Court · 1986
- Hulter v. CommissionerUnited States Tax Court · 1988
- Capek v. CommissionerUnited States Tax Court · 1986
- Landry v. CommissionerUnited States Tax Court · 1986
38 more not listed; retrieve them via the Exa API.