John v. Comm'r

MAURICE E. JOHN, JR. AND JAN E. JOHN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

John v. Comm'r

No. 10604-02

United States Tax Court

T.C. Memo 2004-257; 2004 Tax Ct. Memo LEXIS 269; 88 T.C.M. (CCH) 437;

November 9, 2004, Filed

Decision was entered for respondent.

R. Thomas Blackburn, Jr., for petitioners.

Mark D. Eblen, for respondent.

Kroupa, Diane L.

Diane L. Kroupa

MEMORANDUM FINDINGS OF FACT AND OPINION

KROUPA, Judge: Respondent determined a deficiency of $ 179,403 in petitioners' Federal income taxes for 1995. The issue to be decided is whether petitioners are entitled to deduct $…