- 19 -
on his tax return that he acquired the donated property on
January 1, 2000, for $1,450.
Petitioner introduced no documentation to support the claim
on his return that he acquired the property on January 1, 2000.
Petitioner also did not introduce evidence that shows the price
he paid when he acquired the property. Indeed, petitioner
testified that he actually acquired the donated items over time.
Petitioner’s documentation regarding the donation of
property is also inconsistent with other evidence in the record.
For example, petitioner’s calendar indicates that he was working
in Detroit, Michigan, on December 24, 2003, the day of the
purported donation. Petitioner speculated that he may have left
Detroit at 4 a.m. that morning, driven approximately 10 hours to
Minnesota, and brought the donated property to Goodwill before
Goodwill closed on Christmas Eve. We decline to accept
petitioner’s speculative explanation and find that petitioner has
not substantiated that he made charitable contributions of
property in 2003, let alone property worth $924. Petitioner is
therefore not entitled to deduct any amount for charitable
contributions of property.
To reflect the foregoing and the concessions of the parties,
Decision will be entered
under Rule 155.
Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Last modified: November 10, 2007