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For the year 2000, petitioner and Mr. Clark filed a joint
Federal income tax return on which they reported the following
income and deductions:
Wages and salary $27,007
Taxable interest 17
Loss, Schedule C, Profit or Loss From Business (10,607)
Total income $16,417
Itemized deductions (10,741)
Dependency exemptions (5,600)
Taxable income $ 76
Of the items listed above, the $10,607 Schedule C loss came
from a trade or business activity of Mr. Clark. Of the $27,007
in wage and salary income, $24,906.91 represented petitioner’s
earnings and $2,100 represented earnings of Mr. Clark.
For the year 2001, petitioner and Mr. Clark filed a joint
return in which they reported the following income:
Wages and salary $41,660
Taxable refunds 1,218
Total income $42,878
Of the wage and salary reported, $25,350 represented petitioner’s
wage and salary income and $16,310 represented wages and salary
of Mr. Clark.
3(...continued)
$20,000 to replace the roof of their Idaho residence, which
presumably was an improvement that would facilitate its sale in
connection with petitioner and Mr. Clark’s move from Idaho to
Utah.
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