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BROOKS v. COMMISSIONER

Docket Nos. 1957-65, 1958-65, 1879-66, 1880-66.

50 T.C. 927 (1968)

L.W. BROOKS, JR., AND JANE R. BROOKS, ET AL., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed September 26, 1968.

Attorney(s) appearing for the Case

J.W. Bullion and Buford P. Berry, for the petitioners.

D. Ronald Morello for the respondent.

SIMPSON, Judge:

The respondent determined deficiencies in the petitioners' income tax as follows:

                                                          1961      1962

L. W. Brooks and Jane R. Brooks --------------------   $9,019.67   $10,134.89
W. J. Rhodes and Ellie T. Rhodes -------------------   10,082.36     7,717.60

The issue in this case concerns the tax treatment of the operating expenses of a purchaser of...

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