12- -
1994, 3 years after the 1991 flood, petitioners obtained an
estimate in the amount of $27,500 to repair their driveway. They
have not repaired any part of the damage to their driveway.
Petitioners calculated the $58,202.28 claimed loss to the
contents of their home by totaling the claimed original cost of
each item damaged in the February flood. Petitioners received
invoices totaling $657 for the cost to repair some of the
contents of their home after the February flood.
Petitioners included the claimed original cost of four Tandy
computers with hard drives, one Tandy microcomputer, and three
Tandy printers, totaling $23,700, as part of the $58,202.28
claimed loss to the contents of their home. Petitioners had four
computers at their home at the time of the February flood. One
of the four computers was used in Mrs. Oliver's business. The
other three computers were for the personal use of petitioners'
children, and two of them had been previously used in Mrs.
Oliver's business.
Petitioners had been depreciating on their Federal income
tax returns two of the three computers used by their children for
personal purposes, and the one computer used in Mrs. Oliver's
business. They claimed depreciation related to three computers,
three printers, and a hard disk drive in amounts totaling $1,240
on each of their joint Federal income tax returns for the taxable
years 1988, 1989, and 1990. Petitioners claimed a section 179
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