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the substantiation and election requirements of section 179 and
general substantiation requirements.
Although petitioner produced many receipts reflecting
purchases of computer equipment, all receipts except one reflect
a subsequent tax year and cannot be used to substantiate
purchases of property for 1997. The one receipt from 1997
indicates a purchase of computer equipment of $32.09.
Petitioner failed to maintain records reflecting the cost of
the computers, the use of the property, the date of the use, the
business purpose of the property, from whom the equipment was
acquired, and when the computer equipment was placed in service,
as required by section 1.179-5(a), Income Tax Regs. In addition,
petitioner’s amended return was dated May 15, 2000, and filed
sometime thereafter. Petitioner’s 1997 return was due on April
15, 1998, so the amended return was not timely filed.
Accordingly, petitioner is denied the deduction for his computer
equipment.
C. Expenses From Business Use of Home
Petitioner deducted depreciation of the marital home, a
casualty loss, mortgage interest, real estate taxes, insurance,
and utilities in connection with the business use of his home on
Form 8829, Expenses for Business Use of Your Home, attached to
his return.
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