7
1991
Amount Amount Amount
Rental property deducted allowed disallowed
Centre City Hotel $71,396 $51,032 $20,364
Riviera Apts. 143,595 51,545 92,050
Schaefer Hotel 32,238 15,771 16,467
Brentwood Apts. 6,000 -- 6,000
253,229 118,348 134,881
1992
Amount Amount Amount
Rental property deducted allowed disallowed
Centre City Hotel $52,662 $21,405 $31,257
Riviera Apts. 99,487 33,960 65,527
Schaefer Hotel 11,107 -- 11,107
Marina del Rey condo 9,600 -- 9,600
172,856 55,365 117,491
Petitioner also deducted an additional $70,198 of
unspecified Schedule E expenses for the Centre City Hotel for
1992, based on his estimate that his expenses were about 50
percent of the monthly revenues from the hotel. The $70,198
estimate did not include amounts petitioner deducted for real
estate taxes, interest, petty cash and miscellaneous expenses,
fire insurance, fire sprinklers, and depreciation.
Petitioner deducted Schedule C expenses for 1991 and 1992.
Respondent determined that petitioner's deductions should be
reduced as follows:
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