T.C. Memo. 1997-442
UNITED STATES TAX COURT
FRED L. BAKER AND LISA A. POWERS, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 25050-95. Filed September 29, 1997.
Fred L. Baker, for petitioners.
Carmino J. Santaniello, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
RUWE, Judge: Respondent determined a deficiency in
petitioners' 1990 Federal income tax in the amount of $43,446.
After concessions, the only issue for decision is whether a
$65,316 loss claimed by petitioner Fred L. Baker (hereinafter
petitioner) should be treated as an ordinary or capital loss.
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