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It would serve no useful purpose to recount the deemed
admitted facts at length; they are set forth supra pp. 4-6. It
suffices to say that they cover all matters set forth in the
statutory notice of deficiency that were not disposed of by the
Court's prior opinion in this case. We therefore hold that, as a
result of the foreclosure of the Calmin Drive property,
petitioner Kenneth Anderson had cancellation of indebtedness
income of $275,000 in 1992. In the absence of the furnishing by
petitioners of any information regarding their basis in the
Calmin Drive property, the gain determined by respondent on the
disposition of the property in 1992 is sustained. In the absence
of presentation by petitioners of any information or
documentation that they are entitled to deductions for the years
1992-95 inclusive, petitioners are not entitled to any deductions
in computing their adjusted gross income or taxable income for
those years. Petitioner Kenneth Anderson received unemployment
compensation of $3,480 in 1992, and he is subject to self-
employment taxes for 1992 and 1993. Finally, petitioners are
liable for the accuracy-related penalty under section 6662(a) for
each of the years 1992 through 1995.
Issue 2. Section 6673 Penalty
The Court, in its prior opinion in this case, decided to
impose a penalty of $10,000 under section 6673 on the grounds of
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