Timothy E. Butler - Page 21

                                       - 21 -                                         
          Conclusion                                                                  
              To reflect our disposition of the disputed issues, as well             
          as the parties' concessions,5                                               
                                                  Decision will be entered            
                                             under Rule 155.                          





























          5  In giving effect to petitioner's concession of unreported                
          rental income in 1993, see supra note 2, the parties are directed           
          to allow as an offset for allocable expenses the amount of                  
          $2,625.  Cohan v. Commissioner, 39 F.2d 540, 544 (2d Cir. 1930).            

Page:  Previous  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21