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Docket Nos. 18955-93, 18956-93, Filed April 6, 1998.
18962-93, 18963-93,
18965-93, 18990-93,
18992-93, 18993-93,
19067-93.
William M. and Dianne B. Stephens, pro sese.2
James E. Archie, for respondent.
MEMORANDUM OPINION
HAMBLEN, Judge: Respondent issued a notice of final
partnership administrative adjustments (FPAA) to each partnership
involved in these cases. The proposed adjustments determined by
respondent in each case for the 1989 taxable year are as follows:
Partnership Adjustment
Dakotah Hills Offices Ltd. Partnership $385,519
Pavilion II Ltd. Partnership 432,084
Copper Crest I Ltd. Partnership 181,371
Dakotah Hills Retail Ltd. Partnership 972,812
Club Carmel Ltd. Partnership 234,902
Pio Decimo II Ltd. Partnership 2,685,926
Ina Thornydale Ltd. Partnership 480,813
Ironwood Manufacturing Ltd. Partnership 918,765
Vail Commerce Center Ltd. Partnership 417,156
After concessions, the principal issue for decision is whether
petitioners recognized income pursuant to a section 752(b) deemed
distribution.3
2On Jan. 30, 1996, this Court granted George Tomas Rhodus'
petition to withdraw as counsel for petitioners.
3All section references are to the Internal Revenue Code in
effect for the year at issue, and all Rule references are to the
Tax Court Rules of Practice and Procedure, unless otherwise
(continued...)
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