- 24 - has adequately substantiated and is entitled to the $200 deduction at issue. 8. Fees Petitioner seeks deductions for three payments in 1989 in the respective amounts of $10, $110, and $10,000, and three payments in 1990 in the respective amounts of $6, $59, and $91 for “fees”. Petitioner has offered no evidence regarding the $10 and $110 payments in 1989, nor any of the three payments in 1990. Consequently, we deem petitioner to have conceded that these items are not deductible. As for the alleged $10,000 payment, it appears--for reasons that are unclear from the record--that petitioner initially paid this amount to Cross, who at some undetermined later date refunded most if not all of it to petitioner.13 Petitioner has failed to show that he is entitled to deduct the alleged $10,000 payment. 9. Miscellaneous Cash Expenditures Petitioner seeks to deduct various cash expenditures that he allegedly made during the subject years for, among other things, aviation maps, charts, hotels, parts, and apartment furnishings. Respondent disallowed petitioner’s deductions for these cash expenditures. 13 Petitioner admitted that a portion of the $10,000 was refunded to him but could not recall the amount. Cross testified that he refunded “pretty much the whole thing” to petitioner.Page: Previous 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Next
Last modified: May 25, 2011