Terry Gene Akey v. Commissioner

T.C. Memo. 2014-211

UNITED STATES TAX COURT TERRY GENE AKEY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 18026-05, 18097-05, Filed October 8, 2014. 28057-09. R disallowed P's costs of goods sold and deductions for expenses relating to his sports memorabilia activity and to his computer activity. R disallowed those costs and deductions relating to the memorabilia activity on the grounds that P had failed to show that the activity was an activity engaged in for profit or, if it was, that P had substantiated those expenditures. R disallowed the costs and deductions…