Samuel T. Seawright and Carol A. Seawright - Page 16




                                       - 16 -                                         
               Depreciation                                                           
               On their 1995 return, petitioners claimed no depreciation              
          deduction.  In the notice of deficiency, respondent allowed                 
          petitioners a depreciation deduction of $856.  Petitioners have             
          not established that they are entitled to a depreciation                    
          deduction greater than respondent has allowed.                              
               Employee Benefit Programs                                              
               On brief, petitioners concede that they are not entitled to            
          any deduction for “Employee benefit programs” as claimed on their           
          1995 Schedule C.                                                            
               Insurance                                                              
               On their 1995 return, petitioners claimed an $844 deduction            
          for business insurance expense, all of which respondent                     
          disallowed.  On the basis of our detailed review of the record,             
          we find that petitioners are entitled to a deduction of $262 for            
          insurance expense.                                                          
               Office Expenses                                                        
               On their 1995 return, petitioners claimed a $514 deduction             
          for office expenses.  In the notice of deficiency, respondent               
          allowed $154.  On the basis of our detailed review of the record,           
          we find that petitioners are entitled to a deduction of $319 for            
          office expenses.                                                            
               Other Rent                                                             
               On their 1995 return, petitioners claimed a $2,781 deduction           
          for “Other rent”, all of which respondent disallowed.                       




Page:  Previous  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  Next

Last modified: May 25, 2011