- 4 -
rented (portions of 1991 and 1992) petitioner filed Federal
income tax returns as a married individual filing a separate
return. With each return petitioner included a Schedule A,
Itemized Deductions, on which he claimed deductions for home
mortgage interest and real estate taxes attributable to the
Pepper Pike residence. Apparently, neither he nor his spouse
reported any rental income attributable to the Pepper Pike
residence during those years.
Petitioner’s Federal income tax return for each year in
issue, as well as the Federal income return of his spouse for
each of those years, was prepared by petitioner. Included with
petitioner’s return for each year is a Schedule E, Supplemental
Income and Loss, on which the following items attributable to the
Pepper Pike residence are reported:
1993 1994
Income: - 0 - - 0 -
Expenses:
Advertising $249.06 $83.03
Auto and travel 420 140
Cleaning and maintenance 2,852.77 950.92
Insurance 446 149
Mortgage interest paid
to banks 17,383.71 5,794.23
Other interest 161.52 53.84
Repairs 737.59 245.86
Taxes 3,074.46 1,024.82
Utilities 1,830.23 610.08
Depreciation 4,357.70 1,452.57
Total expenses 31,513.04 10,504.35
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