- 2 -
and characterizations of gross income determined in the notices
of deficiency are correct; and (2) whether petitioners incurred a
loss in 1987 which they may use to offset their gross income for
1995, 1996, and 1997.
Background
Respondent determined deficiencies in petitioners’ Federal
income taxes and additions to tax as follows:
Mr. Tonn
Additions to tax
Year Deficiency Sec. 6651(a)(1) Sec. 6654
1995 $592 $148.00 $32.10
1996 1,165 291.25 62.02
1997 1,279 319.75 68.45
Mrs. Tonn
Additions to tax
Year Deficiency Sec. 6651(a)(1) Sec. 6654
1996 $18,801 $4,700.25 $1,000.68
1997 15,539 3,884.75 831.34
In the notices of deficiency, respondent determined the following
amounts and characterizations of petitioners’ gross income:
Mr. Tonn
Year Interest Income Self-Employment Income Rental Income
1995 $153 $4,187 --
1996 246 7,169 --
1997 360 2,820 $9,000
Mrs. Tonn
Year Self-Employment Income
1996 $57,429
1997 49,614
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011