- 3 -
capital gain, petitioner had not provided evidence of basis to
respondent before the issuance of the notice of deficiency, and
thus respondent’s determinations accounted for gross proceeds
from sales of capital assets. Before the record in this case was
closed, petitioner presented evidence from which the parties were
able to stipulate petitioner’s cost basis in, and, where
relevant, costs of sale of, almost all of the capital assets.
The parties likewise stipulated that petitioner received capital
gains in various amounts during the years in issue.
We find that petitioner had income (and loss) in the
following amounts during the years in issue, based on the fact
that petitioner has stipulated, admitted, or failed to dispute
respondent’s evidence with respect to those amounts:
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011