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C. Petitioner’s Form 1040
Petitioner and Mrs. Kirshenbaum filed a joint Form 1040,
U.S. Individual Income Tax Return, for 1998. Petitioner listed
his occupation as retired and Mrs. Kirshenbaum listed her
occupation as therapist.10
On the Form 1040, petitioner reported the following items:
Line 7. Wages, salaries, tips, etc. $45,504.70
Line 8a. Taxable interest 328.71
Line 10. Taxable refunds * * * 573.35
Line 13. Capital gain or (loss) (3,000.00)
Line 15a. Total IRA distributions [1]$49,917.15
Line 15b. Taxable amount 0
Line 17. Rental real estate * * * (2,774.20)
Line 20a. Social security benefits [2]14,676.00
Line 20b. Taxable amount 0
Line 21. Other income 200.00
Line 22. Add * * * lines 7 through
21 * * * total income 40,832.56
Line 23. IRA deduction 4,000.00
Line 28. Self-employed health insurance
deduction 4,776.70
Line 32. Add lines 23 through 31a 8,776.70
Line 33. Subtract line 32 from
line 22 * * * adjusted gross income 32,055.86
Line 36. * * * itemized deductions * * * 30,458.37
Line 37. Subtract line 36 from line * * * [33]1,597.49
Line 38. * * * total number of exemptions * * *10,800.00
Line 39. Taxable income 0
Line 56. Total tax 0
1 Petitioner handwrote the word “Rollover” next to the amount of
$49,917.15.
2 Petitioner handwrote the word “Disability” next to the amount of
$14,676.
9(...continued)
an additional IRA investment from me for the year 1998.
10 At the time of trial, Mrs. Kirshenbaum was 64 years old.
She has a Masters degree in education and works as a full-time
speech pathologist for the Pawtucket public school system.
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