- 5 -
101 Robinson Street properties, respectively, is includable in
petitioner's income for 1991. We further hold that the remaining
rental income of $10,732.70 reported on the Form 1099-MISC, as
well as the $5 of interest income, is includable in petitioner's
income for 1991. In short, petitioner failed to report
$18,680.70 of income for 1991.
Rental Expenses
Petitioner contends he has incurred rental expenses with
respect to the properties that he should be able to deduct
against the income he received. Petitioner submitted the
following list at trial:
53 Mary St.
utilities $2293.55
taxes $3341.58
99-101 Robinson St.
utilities $2617.28
taxes $3713.20
18 Pleasant Ave.
taxes $1067.34
RD2-Conklin prop.
taxes $576.17
trash removal $644.16
41 Charlotte St.
taxes $1494.73
Church Road
taxes $429.17
Langdon Grove
taxes $1294.16
trash removal $1043.95
Taxpayers do not have an inherent right to take tax
deductions. Deductions are a matter of legislative grace, and
taxpayers must establish their right to take them. Deputy v. du
Pont, 308 U.S. 488, 493 (1940); New Colonial Ice Co. v.
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