Richard A. Pettit - Page 10

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          diminish petitioner's business objective that existed prior to              
          his separation from his former wife.                                        
               We hold that petitioner's loss with respect to the East Lyme           
          property constitutes an ordinary loss incurred within the scope             
          of his construction business.                                               
               To reflect the foregoing,                                              


                                                  Decision will be entered            
                                             under Rule 155.                          































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Last modified: May 25, 2011