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one-third distributive share of the partnership's income
by the following amounts:
1990 1991
Amount reported $47,205 $46,953
Unreported gross receipts 888,528 1,054,576
Disallowed purchases 429,421 1,173,203
Adjusted income 1,364,154 2,274,732
One-third share 455,051 758,244
Less: amounts reported 15,735 15,651
Increase in partner's share 439,316 742,593
Based on the adjustments to the partnership's income,
respondent issued a notice of deficiency to each petitioner
adjusting his individual income as follows:
Mr. Pridgen 1990 1991
Share of partnership income $439,316 $741,498
Self-employment tax deduction (461) (1,027)
Deduction for exemptions 4,300
Total adjustments 438,855 744,771
Reported income 56,863 64,890
Adjusted income 495,718 809,661
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