- -7
Expense 1987 1988
Van Expenses
Gas, oil, repairs $1,760 $959
Other 239 364
Depreciation 4,545 4,426
Subtotal 6,544 5,749
Condominium Expenses
Depreciation - condominium 2,759 2,759
- furnishings 933 1,045
Insurance 177 177
Real estate taxes 712 717
Other assessments 100 100
Maintenance fees 400 400
Utilities 330 286
Repair 32 25
Other supplies 926 1,034
Subtotal 6,369 6,543
Meals and Entertainment 547 574
Total Expenses 13,460 12,866
Petitioner compiled a list of business expenses for the
years here in issue only at the time he prepared his tax return.
Petitioner made notations on dinner receipts for country club
dinners at the time he prepared his tax returns and not at the
time of the dinner. Petitioner made a number of mistakes in his
recordkeeping. Petitioner had lost or misplaced some of the
receipts at the time of the trial of this case.
Petitioner went through his receipts at the time he prepared
his returns to segregate them between items he considered
business and items he considered personal at that time.
Petitioner's schedule of insurance company expenses was prepared
from receipts that he gathered from three different locations.
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