12
Depreciation 14,969.00 296.00 296.00 -0-
Total 28,939.91 7,147.83 4,591.86 2,555.97
The Charleston Property: 1989
Per Original Per Amended Allowed by Still in
Item Return Return Respondent Dispute
Advertising $55.00 $55.44 $55.00 -0-
Auto expense 3,327.07 5,854.92 5,854.92 -0-
Insurance 239.00 155.00 239.00 (84)
Legal & prof. 1,078.04 2,043.21 2,043.21 -0-
Mortg. interest 5,857.21 5,857.21 5,857.21 -0-
Repairs 2,782.94 7,084.75 7,084.75 -0-
Taxes 200.00 214.03 214.03 -0-
Utilities 2,461.25 4,188.37 4,188.37 -0-
Wages & salaries -0- 216.00 215.00 1
Miscellaneous 748.23 9,821.24 6,931.24 890
Depreciation 2,248.00 2,889.00 2,889.00 -0-
Total 18,996.74 38,379.17 35,571.73 807
The Charleston Property: 1990
Per Original Per Amended Allowed by Still in
Item Return Return Respondent Dispute
Advertising -0- $51.54 $26.84 $24.70
Auto expense $2,507.67 5,503.09 2,690.69 2,812.40
Insurance 155.00 155.00 155.00 -0-
Legal & prof. 432.00 2,635.05 2,635.05 -0-
Mortg. interest 6,503.89 6,503.89 6,503.89 -0-
Repairs 4,112.10 5,487.10 5,487.10 -0-
Taxes 220.00 435.43 435.43 -0-
Utilities 3,837.35 5,503.09 5,503.09 -0-
Telephone 587.75 -0- 1,342.33 (1,342.33)
Miscellaneous -0- 8,331.42 -0- 8,331.42
Meals -0- -0- 662.73 (662.73)
Depreciation 2,248.00 2,889.00 2,889.00 -0-
Total 20,603.76 37,494.61 28,331.15 9,163.46
Section 62(a)(4) allows the deduction of expenses
attributable to property held for the production of rents or
royalties. Deductions are a matter of legislative grace, and the
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