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Petitioner’s Form 8829 for 1997 included the following
entries:
Area used regularly
and exclusively for business 1700
Total area of home 11000
Business use percentage 70
1Presumably, square feet
Petitioners used the foregoing percentage in claiming the
Schedule C rent deduction of $10,305.27.
Petitioners’ Schedule C for 1998 included the following
entries:
Gross income $6,242.70
Less: expenses
(excluding rent) -4,243.63
1,999.07
Less: rent -10,642.58
Net loss ( 8,643.51)
Petitioner’s Form 8829 for 1998 included the following
entries:
Area of home used regularly
and exclusively for business 1850
Total area of home 11150
Business use percentage 74
1Presumably, square feet
Petitioners used the foregoing percentage in claiming the
Schedule C rent deduction of $10,642.58.3
3 The record does not disclose the reason for the
(continued...)
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Last modified: May 25, 2011