T.C. Memo. 2000-386
UNITED STATES TAX COURT
KENNETH M. AND DELORES J. HAIRSTON, Petitioners
v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 12452-98. Filed December 20, 2000.
Wylie Joseph Neal, for petitioners.
C. Glenn McLauglin, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
THORNTON, Judge: For taxable years 1995 and 1996,
respondent determined deficiencies of $11,620 and $5,994,
respectively, in petitioners’ Federal income taxes.
The primary issue for decision is whether petitioners’
equipment rental activity constitutes a passive activity under
section 469(c)(2).
Page: 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011