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$20,614 for the 2000 taxable year; (5) whether petitioner is
entitled to a deduction for unreimbursed employee expenses of
$1,125 for the 1999 taxable year; (6) whether petitioner is
entitled to a deduction for casualty and theft loss of $6,800 for
the 1999 taxable year; and (7) whether petitioner is liable for
accuracy-related penalties under section 6662(a) for the 1999 and
2000 taxable years.
Petitioner resided in Dumfries, Virginia, at the time of
filing his petition. Some of the facts have been stipulated, and
they are so found. The stipulation of facts and the attached
exhibits are incorporated herein by this reference. For
convenience we combine our findings of fact and conclusions.
Petitioner filed timely Federal income tax returns for
taxable years 1999 and 2000. In each return, petitioner claimed
a dependency exemption deduction for his brother Bennard Kent and
head-of-household filing status. Petitioner also claimed the
following deductions, expenses, and losses:
Deduction, Expense, or Loss 1999 2000
Moving expenses $29,500 $13,660
Home mortgage interest 21,200 20,614
Unreimbursed employee expenses 1,125 ---
Casualty and theft loss 6,800 –--
3(...continued)
petitioner’s 1999 Federal income tax return, respondent
determined that petitioner was entitled to a home mortgage
interest deduction of $3,222.
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