11
March 31, 1983, petitioners purchased 2001 West Washington
Street, Charleston, West Virginia (the Charleston property) as
rental property. Petitioners maintained the house and obtained
tenants without the assistance of a management company.
With their 1989 and 1990 joint Federal income tax returns,
petitioners filed Schedules E, Supplemental Income and Loss, to
report their rental income and expenses. On May 9, 1994, after
respondent's notice of deficiency was issued, petitioners filed
amended returns for 1989 and 1990. The following charts show the
expenses claimed by petitioners on their original and amended
returns, the expenses allowed by respondent, and the amounts
still in dispute after concessions.4
The California Property: 1989
Per Original Per Amended Allowed by Still in
Item Return Return Respondent Dispute
Advertising -0- $60.06 -0- $60.06
Cleaning/maint. $366.37 863.13 258.40 604.73
Commissions 6,600.00 -0- -0- -0-
Insurance -0- 239.00 -0- 239.00
Legal & prof. 1,785.04 615.16 -0- 615.16
Mortg. interest 3,558.53 3,558.53 3,420.45 138.08
Repairs -0- 138.40 -0- 138.40
Taxes 424.00 424.00 509.04 (85.04)
Utilities 107.97 310.05 107.97 202.08
Termite control 265.00 -0- -0- -0-
Home shield 450.00 -0- -0- -0-
Prop. mgt. 400.00 -0- -0- -0-
Federal Express 14.00 -0- -0- -0-
Miscellaneous -0- 14.00 -0- 14.00
Pool service -0- 629.50 -0- 629.50
4
The information on these charts is largely derived from
respondent's Statement of Issues and Facts filed on the day of
trial.
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