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the entire home equity loan payment of $474 each month and
therefore had a right of contribution from petitioner of one-
half, or $237. See Taylor v. Commissioner, supra. The family
court ordered that Mr. Simpson pay, on petitioner's behalf, a
lesser amount of $142 each month toward this obligation, and we
find that amount to be alimony to her.
The record reflects that the home equity loan was paid off
before 1995. Petitioner offered no evidence to show how many
payments were made in 1994. Accordingly, we find that the $142
alimony payments were made through the entire taxable year 1994.
To reflect the foregoing,
Decision will be entered
under Rule 155.
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Last modified: May 25, 2011