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Service Corp. and one payment to “Dents & Dings”,5 we are
satisfied with petitioner’s showing and hold that petitioner is
entitled to the claimed business expense deductions for 2003.
To reflect the foregoing,
Decision will be entered
under Rule 155.
5Petitioner labeled these payments “company car” but
provided no further evidence. We infer from the Saab Financial
Services Corp.’s statements that petitioner has been making
payments on the automobile for some time before the taxable year
in issue and had numerous payments remaining. The combination of
the statements from Saab and the repair slip from Dents & Dings
suggests that petitioner’s automobile is for his personal use.
Petitioner may not deduct personal expenses. See sec. 262(a).
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Last modified: May 25, 2011