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Respondent determined for 1998 a deficiency in petitioners'
Federal income tax of $2,279.
The issues for decision are: (1) Whether petitioners are
entitled to deductions on Schedule A, Itemized Deductions, in
excess of those allowed by respondent; and (2) whether
petitioners are entitled to deductions on Schedule E,
Supplemental Income and Loss, in excess of those allowed by
respondent.
The stipulated facts and exhibits received into evidence are
incorporated herein by reference. At the time the petition in
this case was filed, petitioners resided in Chicago, Illinois.
Background
During 1998, Mr. Swagler was employed as a fireman by the
Village of Oak Brook. Mr. Swagler was also employed elsewhere as
a carpenter and performed services for several organizations that
provided carpentry services for various exhibit halls. Mrs.
Swagler was employed as an office manager with Anthony Valentino
Salon for Hair, Inc.
During 1998, petitioners also owned two rental properties in
Chicago, Illinois, one located at 5740 N. McVicker Avenue, and
the other located at 5466 Gettysburg.
Petitioners' Individual Income Tax Return for 1998
On April 15, 1999, petitioners jointly filed with the
Internal Revenue Service a Form 1040, U.S. Individual Income Tax
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