- 9 -
Security benefits received. Taxpayers must generally include as
income one-half of the Social Security benefits they receive
during the taxable year. Sec. 86(a)(1). Petitioners received
$14,798 of Social Security benefits in 1988. Because we have
sustained respondent's other adjustments, we conclude that
respondent properly included in petitioners' taxable income one-
half of the $14,798 of Social Security benefits petitioners
received during 1988.
Decision will be entered
for respondent.
Page: Previous 1 2 3 4 5 6 7 8 9
Last modified: May 25, 2011