FERENC v. COMMISSIONER

Docket No. 6609-71.

33 T.C.M. 136 (1974)

T.C. Memo. 1974-30

John B. Ferenc and Velma B. Ferenc v. Commissioner.

United States Tax Court.

Filed January 31, 1974.


Attorney(s) appearing for the Case

Isaac S. Willson, 945 Petroleum Club Bldg., Denver, Colo., for the petitioners. Thomas M. Ingoldsby, for the respondent.


Memorandum Findings of Fact and Opinion

DRENNEN, Judge:

Respondent determined a deficiency in petitioners' income tax for 1968 in the amount of $7,544.75. The only issue for decision is whether petitioners are entitled to an interest deduction in the amount of $25,522, which was claimed on their return and disallowed by respondent in the notice of deficiency.1

Findings of Fact

Petitioners are husband and wife...

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