Donald P. and Margie C. Osborne - Page 1

          T.C. Memo. 2008-40                                                          

                               UNITED STATES TAX COURT                                

                   DONALD P. AND MARGIE C. OSBORNE, Petitioners v.                    
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 4838-05.              Filed February 26, 2008.              

               Donald P. and Margie C. Osborne, pro sese.                             
               Joan E. Steele, for respondent.                                        

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               FOLEY, Judge:  After concessions, the issues for decision              
          are whether:  (1) Petitioners are entitled to depreciation,                 
          insurance, interest, supplies, tax and licenses, travel, and                
          other expense deductions relating to 2001 and 2002; (2)                     
          petitioners properly calculated cost of goods sold relating to              

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Last modified: March 27, 2008