William T. and Deborah S. Praytor - Page 1

                                 T.C. Memo. 2000-282                                  

                               UNITED STATES TAX COURT                                

                  WILLIAM T. AND DEBORAH S. PRAYTOR, Petitioners v.                   
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 3568-99.                   Filed August 31, 2000.           

               J. Donald Hughes, for petitioners.                                     
               Shuford A. Tucker, Jr., for respondent.                                

                                 MEMORANDUM OPINION                                   
               CARLUZZO, Special Trial Judge:  Respondent determined                  
          deficiencies of $6,621, $9,500, and $9,012 in petitioners’                  
          Federal income taxes for years 1994, 1995, and 1996,                        
          respectively. For each year in issue, the issue for decision                
          is whether deductions for losing wagers and related expenses                

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