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Revenue Code in effect for the year in issue, and all Rule
references are to the Tax Court Rules of Practice and Procedure.
This case arises from a petition for judicial review filed
in response to a notice of deficiency. The issues for decision
are: (1) Whether petitioner is entitled to a deduction for
mortgage interest; (2) whether petitioner is entitled to a
deduction for real estate taxes; and (3) whether petitioner is
entitled to a casualty loss deduction.
Background
Some of the facts have been stipulated and are so found.
The stipulation of facts and related exhibits are incorporated
herein by this reference.
At the time he filed the petition on November 4, 2005,
petitioner resided in the Bronx, New York.
During 2003, the year in issue, petitioner worked as a
computer network engineer for Columbia University. Petitioner
filed a 2003 Form 1040, U.S. Individual Income Tax Return, which
was prepared by a paid tax return preparer. On the return,
petitioner claimed dependency exemption deductions for both of
his parents.
Petitioner attached to the return a Schedule A, Itemized
Deductions, claiming $39,412 in deductions. These deductions
included, among other things, $2,459 of real estate taxes, $4,418
of home mortgage interest, and a casualty loss deduction in the
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