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tax. The parties stipulated that the deposit of $40,544 into
petitioner's checking account was a transfer of the balance of
savings account #1. This amount is a redeposit; therefore, it is
not gross income. Based on the entire record, we find petitioner
has met his burden of proving the check for $1,988 payable to
Gibson, which petitioner cashed for her by depositing in his
account, is not taxable income to him.
Our finding that petitioner has met the burden of proof as
to the source of these deposits is not a grant of credence to
petitioner's claims regarding the source of his other deposits.
Nor does the evidence presented by petitioner, which showed that
some of the deposits were not income, establish that the use of
the bank deposits method was invalid or arbitrary. Estate of
Mason v. Commissioner, 64 T.C. at 656. Having reached that
conclusion, we will comment in more detail on petitioner's
evidence.
Petitioner testified that the sources of his other deposits
were family transfers, repayments of loans he earlier made to
friends and associates, and cash reimbursements for checks he
wrote to pay the bills of others. Petitioner provided scant
evidence to corroborate his claims. For example, to substantiate
his claim that family members transferred money to him,
petitioner submitted a copy of a wire transfer that originated in
Jordan and was sent to Saleh in Calhoun. The wire transfer is
for $15,000 and is dated April 12, 1990. We find, however, that
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