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1999
Car & truck expenses $ 1,571
Depreciation 6,110
Insurance (other than health) 1,705
Interest (other than mortgage) 12
Office expenses 15,740
Taxes & licenses 1,752
Travel 11,581
Meals & entertainment (net) 1,307
Utilities 2,609
Other expenses1 7,925
Total $50,312
1A conglomeration of expenses that includes meals and
lodging, hotel rooms, fuel, books/journals, postage stamps, and
seven items for petitioner Susan Story totaling $2,017.
2000
Car & truck expenses $ 9,126
Depreciation 6,302
Interest (other than mortgage) 186
Office expenses 10,032
Taxes & licenses 1,510
Travel 9,628
Meals & entertainment 189
Utilities 2,048
Other expenses 2,707
Expenses (business use of home) 2,007
Total $43,735
Negative Schedule C gross income 500
Total $44,235
In the notice of deficiency, respondent disallowed $47,299
of the $50,312 in deductions claimed on the 1999 Schedule C. For
the year 2000, respondent disallowed the $1,700 adjustment for
cost of goods sold,5 which petitioner conceded at trial, and
5At trial, the parties settled the Schedule D adjustment for
1999. On their return, petitioners reported capital gain income
(continued...)
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