- 5 - 1995 1996 Gross income - 0 - - 0 - Advertising $53 $82 Car & truck 4,756 4,559 Depreciation 2,431 1,091 Insurance 178 113 Legal & prof. svcs. 139 204 Office expense 799 635 Repairs & maintenance 295 52 Supplies 325 603 Taxes & licenses 158 121 Travel 1,100 1,722 Meals & ent. (less 50%) 719 694 Utilities 2,093 2,296 Total loss 13,046 12,172 The Schedules C relate to petitioner’s activities in seeking employment as a consulting engineer. The deductions claimed for travel and meals include trips taken by petitioner, or petitioners, to Birmingham, Alabama, Williamsburg, Kentucky, and Columbia, Missouri. The deductions for utilities relate to the use of a portion of petitioners’ residence as an office. The deductions for car and truck expenses were computed by using the applicable standard mileage rate. For each year, petitioner’s records indicate that he typically drove 35 to 50 miles per day, 5 days a week, in order to make personal contact with prospective employers. For each year, petitioners elected to itemize deductions and included a Schedule A, Itemized Deductions, with each return. Among other deductions claimed on the Schedules A, petitioners claimed deductions of $8,328 and $10,827 for 1995 and 1996,Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011