- 10 -
mentioned property on his 1998 return. Respondent is sustained
on this issue.
At trial, petitioner raised a new issue, arguing that he is
entitled to a business expense deduction on his 1998 return for
amounts he paid to Morningstar Storage to “store everything”.
Petitioner submitted no documents to substantiate the claimed
business expense deduction. His testimony was vague and
unpersuasive:
The Court: That storage business still in
existence?
The Witness: Yes, sir.
The Court: Did you ever go to anyone and ask
them for a receipt?
The Witness: Yes.
The Court: What did they tell you?
The Witness: They said they couldn’t pull any records
back from that far. They’re still in
business, Morningstar Storage on Sharon--
The Court: This 1998, and they couldn’t pull any
records back from 1998?
The Witness: That’s what the manager on site said.
They have an in-house guy right there.
Petitioner has submitted no credible evidence that he is
entitled to a business expense deduction for storage rental space
in 1998, and we do not further consider the issue.
Reviewed and adopted as the report of the Small Tax Case
Division.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011