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mentioned above, petitioners reported cost of good sold of
$11,809 on their amended return. Thus, we hereby sustain
that adjustment.
In their posttrial brief, petitioners do not take
issue with respondent’s determination that their gross
income should be increased by unreported interest income
in the aggregate amount of $489. At trial, petitioner
acknowledged receiving interest income from accounts at
three banks in the aggregate amount of $489 during 1993.
Thus, we hereby sustain that adjustment.
Finally, in their posttrial brief, petitioners do not
take issue with respondent’s determination that their gross
income should be increased by unreported “rental income” of
$14,067. As mentioned above, petitioners reported “News
Stand Rental” of $14,067 on their amended return. Even
though petitioners do not take issue with this adjustment,
it requires discussion.
At trial, petitioner acknowledged that he had received
$2,400 from the rental of his newsstand on Wayne Avenue and
had received $10,833 from the sale of his newsstand on Knox
Street, a deposit of $5,000 and six installment payments of
$972.22 each. Petitioners do not claim that the proceeds
from the sale of the newsstand on Knox Street should be
reduced by any basis in the property sold. The total of
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