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additional ACRS deductions
pursuant to section 168.
Taxable Year Ending December 31, 1987
Amount of Purpose of
deduction claimed deduction claimed
by the corporation by the corporation Concessions and Arguments
$8,075 other deduction The corporation conceded
entire amount to be
petitioner's personal real
estate expense and contends
that all is deductible as
compensation to petitioner.
8,078 other deduction The corporation conceded 4,039
to be not deductible for the
purpose claimed and contends
that such amount is deductible
as compensation to petitioner;
respondent conceded 4,039.50
[sic].
9,098 real estate taxes The corporation conceded 3,359
to be petitioner's personal
real estate taxes and contends
that such amount is deductible
as compensation to petitioner;
respondent conceded 5,739.
Taxable Year Ending December 31, 1988
Amount of Purpose of
deduction claimed deduction claimed
by the corporation by the corporation Concessions and Arguments
$3,292 other deduction The corporation conceded
entire amount to be
petitioner's personal real
estate expense and contends
that all is deductible as
compensation to petitioner.
8,512.93 other deduction The corporation conceded
entire amount to be the cost
of acquiring paintings;
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