- 6 -
a certificate of occupancy fee ($30) and newspaper advertising
($40).
4514 Kingsessing - Repairs of $355. We estimate this amount
based on testimony and some written records. See Cohan v.
Commissioner, 39 F.2d 540 (2d Cir. 1930). We also allow
utilities of $187, based on electric bills for public lighting
for the common area. We disregard other electric bills at this
address, because they pertain to Ms. Pitt's personal living
quarters.
10 Church Road - Repairs of $200. See id.
400 W. Hortter - Repairs of $391, consisting of expenses for
a refrigerator. Although the receipt was in the tenant's name,
we are satisfied by the testimony, and by the fact that the
receipt was in petitioner's possession, that it was a legitimate
rental expense.
We sustain respondent's determinations as to depreciation.
Ownership of Rental Properties--4512 and 4514 Kingsessing
Although the amounts set out above have been substantiated,
respondent contends that petitioner's deductions pertaining
thereto should be limited to 50 percent. The properties at 4512
and 4514 Kingsessing are owned by petitioner and his mother and
sister, respectively, as cotenants. Petitioner argues that,
since he purchased the properties with his own funds and paid all
the expenses connected therewith, he should be entitled to claim
Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011