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(exclusive of the amounts discussed in the immediately preceding
paragraph), utilities, net operating loss (exclusive of the
amount conceded by respondent), and donation, we have examined
the record and are not persuaded that petitioner is allowed to
deduct any of those amounts. The record simply does not contain
enough credible evidence from which we could derive those
amounts. We sustain respondent’s determination as to these
amounts.7
All of the parties’ arguments have been considered, and we
have rejected those arguments not discussed herein as meritless.
To reflect the foregoing,
Decisions will be entered
under Rule 155.
7 We note that petitioner has failed to prove that he is
entitled to deduct any amounts for 1993.
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Last modified: May 25, 2011