Nicholas M. Romer - Page 24




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          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.               




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