-15-
Petitioner owned an avocado farm. Table 7 shows the gross
income and total expenses that petitioner reported on his
Schedules F and the amount of farm income or (loss) that
petitioner reported on the first page of his Forms 1040.
Table 7
Schedule F
Year Gross income Total expenses Form 1040
1985 -0- $3,749.19 -0-
1986 -0- 1,532.54 -0-
1987 -0- 914.81 ($914.81)
1988 $113.00 1,638.28 (1,525.28)
1989 -0- 5,796.57 -0-
1991 -0- 2,108.88 -0-
1992 -0- 4,002.43 -0-
1993 -0- 956.89 -0-
1994 -0- 3,577.59 -0-
1995 -0- 4,438.50 -0-
1996 N/A N/A -0-
Petitioner prepared his own tax returns for each of the
years in issue and for the prior years. Petitioner’s 1996
tax return was prepared by a paid tax return preparer.
_____________________________________
Petitioner did not engage in his videotape activity for
profit.
Petitioner was negligent with respect to his tax
treatment of his videotape activity; the entire deficiency
for each year in issue was due to this negligence.
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