- 6 - Entertainment, gifts $ 193 Automobile expenses 1,950 Travel 316 2,459 None of these expenses were deducted by petitioner on Schedule C of his return. Respondent reviewed the Form 2106, Employee Business Expenses, attached to petitioner’s 1998 return to support the $4,007 automobile deduction claimed on Schedule A. On that form, petitioner reported 4,138 miles driven at $.325 per mile for an amount of $1,345. Petitioner also reported actual automobile expenses of $2,662 for a total of $4,007. For reasons not appearing in the record, respondent determined that petitioner was entitled to an automobile expense deduction of $1,950, based upon 6,000 miles traveled at the standard mileage rate of $.325 per mile for 1998. Petitioner claimed an advertising expense deduction of $450 on his 1998 Schedule C. Petitioner informs us that he made signs that he placed in the windows of various stores to advertise goods that he held for sale. He submitted no evidence either that he spent $450 to produce the signs or that he paid $450 to display them in the various store windows. Respondent is sustained on this issue. Petitioner claimed a $403 depreciation expense deduction on his 1998 Schedule C. He admitted at trial that he was notPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011