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v. Commissioner, 6 T.C. 1158, 1165 (1946), affd. 162 F.2d 513
(10th Cir. 1947). Because Mr. Obot failed to offer any credible
evidence to substantiate these expenses, we cannot allow any of
them. Mr. Obot also claimed $1,200 in depreciation on equipment
for his grocery store. At least that’s what he argued in his
brief, contending that he should have put the $1,200 depreciation
on Schedule C. He again provided us with no evidence of which
items he was depreciating or the price that he paid for them.
See sec. 1.6001-1(a), Income Tax Regs. We deny his depreciation
deduction because he didn’t substantiate it, not because he put
it on the wrong form.
Nevertheless, because the Commissioner conceded some
additional deductions,
Decision will be entered under
Rule 155.
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Last modified: May 25, 2011