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SADLER v. COMMISSIONER

Docket No. 6042-78.

41 T.C.M. 492 (1980)

T.C. Memo. 1980-542

John Sadler and Patsy Sadler v. Commissioner.

United States Tax Court.

Filed December 8, 1980.

Attorney(s) appearing for the Case

M. Ashley Dickerson, 1330 E. 15th St., Anchorage, Alaska, for the petitioners. Charles L. Eppright, for the respondent.

Memorandum Findings of Fact and Opinion

SIMPSON, Judge:

The Commissioner determined deficiencies in the petitioners' Federal income taxes of $916.85 for 1973, $2,562.99 for 1974, and $5,288.11 for 1975. The sole issue for decision is whether the petitioners are entitled to deduct any part of the purchase price of a business as payment for a covenant not to compete.

Findings of Fact

Some of the facts have been stipulated, and those facts...

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