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substantiation rules for business travel under section 274(d), we
hold that petitioner is not entitled to a business travel
allowance in excess of the $293 allowed by respondent.
In support of her claimed deduction for supplies,
petitioner produced a receipt dated February 23, 1999, for
purchase of a computer and inkjet printer for $2,348.98.
Applying a 200 percent declining balance method of depreciation,
respondent allowed petitioner a $390 deduction for “supplies”,
including computer depreciation in 1999. At trial the parties
stipulated orally that petitioner was entitled to a deduction for
the full $2,348.98 cost of the computer under section 179 for
1999. We consider the stipulation binding and hold that
petitioner is entitled to the $2,348.98 deduction under section
179 for 1999 but that no other amount is allowable for
“supplies”.
Petitioner produced a $165 bill from Quick Refunds for the
preparation of her 1999 tax return, but the bill did not itemize
how much of the total bill was due to the preparation of her
Schedule C. We allocate half the bill to preparation of
petitioner’s Schedule C, and we hold that petitioner is entitled
to deduct $82.50 for tax preparation fees on Schedule C to her
1999 return. The balance of the tax return preparation fee is
not deductible since petitioner claimed the standard deduction.
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