Harry D. Bledsoe and Annie L. Bledsoe - Page 25

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            neither exceeded 10 percent of the amount required to be shown,                             
            nor was over $5,000.  Hence, the understatement was not                                     
            substantial as defined by section 6662.                                                     
            Petitioners' Claim for Refund                                                               
                  The parties agree that the notice of deficiency contains an                           
            error in the calculation of petitioners' basis in Resthaven.                                
            They have further agreed that petitioners' basis in Resthaven                               
            should not be reduced by the amount of dividend distributions.                              
            The parties are to reflect their agreement in the Rule 155                                  
            computation.                                                                                
                  To reflect the foregoing,                                                             

                                                       Decision will be entered                         
                                                under Rule 155.                                         






















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Last modified: May 25, 2011