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Legal Opinion

Dennis E. and Paula W. Lofstrom v. Commissioner

United States Tax Court

Decided November 22, 2005No. 4667-03Unknown

1Opinion of the Court

125 T.C. No. 13

UNITED STATES TAX COURT DENNIS E. AND PAULA W. LOFSTROM, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 4667-03. Filed November 22, 2005. Ps are Mr. Lofstrom (H) and Paula Lofstrom (W-2). H was previously married to Dorothy Lofstrom (W-1). In satisfaction of his alimony obligations to W-1, H transferred his $29,000 interest in a contract for deed to W-1, along with $4,000 in cash. Ps deducted as alimony the value of the contract for deed. In addition, Ps claimed to operate the first floor of their residence as a bed and breakfast (B&B) and deducted…

2Cases cited30 opinions

  1. Welch v. HelveringSupreme Court of the United States · 1933
  2. New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
  3. Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
  4. Wichita Term. El. Co. v. Commissioner of Int. R.Court of Appeals for the Tenth Circuit · 1947
  5. Dreicer v. CommissionerUnited States Tax Court · 1982

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