- 7 - total for these items was $3,617.01.4 Petitioners' daughters testified that Mrs. Kerrigan frequently purchased such items in the course of her business. The expenditures reflected in the log are reasonable considering Mrs. Kerrigan's position as a successful realtor specializing in the sale of expensive houses. We hold that petitioners are entitled to deduct $3,617.01 for Mrs. Kerrigan's advertising expenses. Car and Truck Expenses Mrs. Kerrigan claimed a Schedule C deduction for car and truck expenses in the amount of $2,838.50. Of this amount, respondent allowed $2,055. On brief, petitioners argue that they are actually entitled to a greater deduction than originally claimed. Petitioners argue that Mrs. Kerrigan incurred gasoline and insurance expenses of $3,093.12 on her 1985 Oldsmobile Toronado. In arriving at this figure, it appears that petitioners counted certain expenditures from Mrs. Kerrigan's log twice. The log indicates that Mrs. Kerrigan's total business expenses for the Toronado in 1985 were $2,477. Yet, when calculating their expenses on brief, petitioners add to this figure the amounts of $238 and $507. However, these expenses had already been taken 4Mrs. Kerrigan had expenditures of $2,035.04 for signs, $1,195.27 for items for open houses, and $386.70 for business "gifts".Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
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