Michael H. Visin and Natalie Marselly - Page 3

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          artist, and petitioner Natalie Marselly was employed as a social            
               Throughout the years in issue, petitioners resided in the              
          same apartment, which they rented.  A portion of petitioners’               
          apartment was used by petitioner Michael H. Visin for business              
               In 1998, petitioner Michael H. Visin spent $3,450 for                  
          computer equipment and software for use in his business.  The               
          computer equipment and software were placed in service upon                 
               Petitioners filed a Form 1040, U.S. Individual Income Tax              
          Return, for each of the years in issue.  Petitioners attached to            
          each of those returns a Schedule C, Profit or Loss From Business,           
          for petitioner Michael H. Visin’s sole proprietorship.  Among the           
          deductions claimed on each Schedule C was a deduction for                   
          petitioner Michael H. Visin’s use of petitioners’ apartment for             
          business purposes.  In support of this deduction, petitioners               
          attached to each of their returns a Form 8829, Expenses for                 
          Business Use of Your Home.                                                  
               Petitioners’ Schedule C for 1997 included the following                
                    Gross income           $5,399.00                                  
                    Less: expenses                                                    
                    (excluding rent)    -4,392.40                                     
                    Less: rent            -10,305.27                                  
                    Net loss              ( 9,298.67)                                 

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Last modified: May 25, 2011