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than one of the Corporations, owned the pickup truck. In 1982
petitioner had a depreciable basis in this pickup truck. For
1982, $200 of petitioner's depreciation on this pickup truck is
attributable to petitioner's law practice and his farming
activities
Petitioner used the house trailer in connection with his
drilling activities. In 1982 petitioner paid $1,776 interest to
G.E. Credit on a loan to finance the buying of this trailer.
Petitioner used the 1979 Cessna 180 airplane in his drilling
activities--to haul fittings to drilling rigs, to go look at
drilling rigs, and to go look at property. In 1982 petitioner
paid (1) $1,542 interest to Cessna Finance on a loan to finance
the buying of this airplane, (2) $789 maintenance costs, and (3)
$1.080 hangar rent.
Petitioner used the tractor and implements on the Atoka
Ranch. In 1982 petitioner paid (1) $1,789 interest to John Deer
Co. on a loan to finance the buying of this tractor, (2) $10,000
interest to Federal Land Bank of Durant to finance the buying of
1,000 acres of the Atoka Ranch, and (3) $413 interest to First
Bank in Atoka to finance the buying of a 20-acre tract next to
the 1,000-acre tract.
In 1982 petitioner paid interest in the amounts shown in
table 8.
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