T.C. Memo. 2001-296 UNITED STATES TAX COURT BRUCE AND JUDY BAILEY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 3293-00. Filed November 7, 2001. Bruce and Judy Bailey, pro se. Christine V. Olsen, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION COHEN, Judge: Respondent determined deficiencies of $12,094 and $11,651 in petitioners’ Federal income tax for 1996 and 1997, respectively. After concessions, the remaining issues for decision are: (1) Whether petitioner Judy Bailey (petitioner) was a real estate professional under section 469(c)(7) duringPage: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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