Kenneth Lee and Margaret Ihlenfeldt - Page 11

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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                 
               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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