T.C. Memo. 2002-215
UNITED STATES TAX COURT
ROBERT M. AND PAMELA PRICE, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 9227-00. Filed August 23, 2002.
Steven R. Toscher and Michael Stein, for petitioners.
Leslie Van Der Wal and Melissa D. Arndt, for
respondent.
MEMORANDUM OPINION
WHALEN, Judge: Respondent determined a deficiency of
$50,200 in petitioners' Federal income tax for the taxable
year 1998. The sole issue for decision is whether
petitioners' alternative minimum tax foreign tax credit is
subject to the limitation imposed by section 59(a)(2).
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