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v. Commissioner, 87 T.C. 74, 77 (1986). Our review of this log
leads us to conclude it was prepared at one time, and the entries
could not have been made at or near the times of the
expenditures. Petitioner did not provide any credible evidence
that he was entitled to deduct car and truck expenses in an
amount greater than the amount allowed by respondent. Therefore,
we sustain respondent on this issue.
Petitioner claimed $8,328 on Schedule C under employee
benefit plans. Petitioner introduced some documents which
included checks that were not canceled and nondeductible items
dated 1998, and which did not total the amount petitioner claimed
on his return. We are not required to accept petitioner’s
generalized statements and decline to do so here without
supporting evidence. Geiger v. Commissioner, 440 F.2d 688 (9th
Cir. 1971), affg. per curiam T.C. Memo. 1969-159.
Respondent allowed 60 percent, or $4,996, as a deduction pursuant
to section 162(l)(1). For 1999, section 162(l)(1) allows a
deduction equal to 60 percent of the amount paid for health
insurance costs of a self-employed taxpayer, his spouse, and
dependents. Respondent is sustained on this issue.
Respondent disallowed the $12,113 claimed deduction for
pension and profit-sharing plans. At trial, petitioner presented
no information or support for this deduction and admitted that he
had “no more information”. Petitioner provided no evidence that
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