T.C. Memo. 2003-244 UNITED STATES TAX COURT ALLAN & JUDY N. GREEN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 7158-02. Filed August 14, 2003. Chester A. Swart, for petitioners. Vicken Abajian and Guy Glaser, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION LARO, Judge: Petitioners petitioned the Court to redetermine deficiencies of $31,962 and $6,647 in their 1998 and 1999 Federal income taxes, respectively. Following concessions, we decide whether petitioners may deduct for those years net operating losses (NOLs) which purportedly arose in earlier years. We hold they may not. Unless otherwise stated, sectionPage: 1 2 3 4 5 6 7 8 9 10 11 12 Next
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