BAILEY v. COMMISSIONER

Docket No. 3293-00.

82 T.C.M. 868 (2001)

T.C. Memo. 2001-296

Bruce and Judy Bailey v. Commissioner.

United States Tax Court.

Filed November 7, 2001.


Attorney(s) appearing for the Case

Bruce and Judy Bailey, pro se. Christine V. Olsen, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

COHEN, Judge:

Respondent determined deficiencies of $12,094 and $11,651 in petitioners' Federal income tax for 1996 and 1997, respectively. After concessions, the remaining issues for decision are: (1) Whether petitioner Judy Bailey (petitioner) was a real estate professional under section 469(c)(7) during 1997 and (2) whether petitioners materially participated in the operation of their Lake Arrowhead property during...

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