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to time, petitioner made various deposits to and withdrawals from
the IRA account. The record reflects that petitioner made the
following deposits to and withdrawals from the IRA account:
Date Deposits Withdrawals
Dec. 8, 1989 $50
Dec. 15, 1989 50
Dec. 22, 1989 50
Dec. 29, 1989 50
Jan. 5, 1990 50
Apr. 18, 1990 1,100
May 4, 1991 $1,400
May 22, 1991 2,000
In 1992, petitioner made the following withdrawals from the IRA
account:
Jan. 29, 1992 $1,000
Apr. 6, 1992 2,000
July 21, 1992 2,000
Dec. 7, 1992 1,100
Total 6,100
On December 31, 1992, there was a balance in the IRA account of
$1,374.53.
Petitioners contend that they did not claim any deductions
for contributions to petitioner’s IRA account on their Federal
income tax returns. Petitioners’ Federal income tax returns for
the years 1985 and 1986 are not part of the record. Petitioners’
1987 return, with the exception of the first page, is part of the
record, but in the absence of the first page, it is not possible
to determine whether a deduction was claimed for an IRA
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Last modified: May 25, 2011