- 4 -
Item Deduction Allowed Adjustment
Investment interest $46,792 $3,731 $43,061
Sch. A misc.
business expenses:
Computer 3,446 -0- 3,446
Union dues 550 550 -0-
Worthless securities 1,926 -0- 1,926
Tax books 1,406 -0- 1,406
Society dues 1,796 135 1,661
Oil and gas 1,649 -0- 1,649
Supplies 741 741 -0-
Oakville School 377 377 -0-
Depreciation 641 -0- 641
Total 12,532 1,803 10,729
Amort. bond prem. 662 -0- 662
For the taxable year 2002, petitioner reported and
respondent disallowed the following items:
Item Deduction Allowed Adjustment
Sch. A misc.
business expenses:
Computer $5,594 -0- $5,594
Sec. 616 expense 2,015 -0- 2,015
Union dues 550 $550 -0-
Oil and gas 1,952 -0- 1,952
Supplies 645 645 -0-
Legal advice 1,902 -0- 1,902
Prof. Soc. members 626 150 476
Involuntary 2,206 -0- 2,206
Advisory fees 350 -0- 350
Total 15,840 1,345 14,495
Amort. Bond prem. 442 -0- 442
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Last modified: November 10, 2007