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Respondent determined a deficiency of $1,043 in petitioner’s
Federal income tax for 2003. Petitioner does not dispute the
deficiency but claims that his former spouse should be held
liable for one-half of it.
Background
Some of the facts have been stipulated, and the stipulated
facts are incorporated in our findings by this reference.
Petitioner resided in Indiana at the time that his petition was
filed.
During 2003, petitioner was married to Kathi Schroeder.
Petitioner and Kathi Schroeder divorced in 2004.
For more than 10 years prior to 2003 and during 2003,
petitioner was a limited partner in Franklin Ridgewood Associates
Limited Partnership. Petitioner made the investment and signed
the necessary papers because Kathi Schroeder did not participate
in matters involving investments. On the partnership return,
petitioner alone was shown as the partner receiving distributions
of income; Kathi Schroeder was not shown as a partner. During
2003, petitioner received distributed income and interest income
from Franklin Ridgewood Associates Limited Partnership in the
total amount of $2,894.
On April 15, 2004, petitioner and Kathi Schroeder filed a
joint Form 1040, U.S. Individual Income Tax Return, for 2003.
The income of $2,894 received from Franklin Ridgewood Associates
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Last modified: March 27, 2008