HOLLOWAY v. COMMISSIONER

Docket No. 20881-04.

92 T.C.M. 456 (2006)

T.C. Memo. 2006-256

Danny Holloway and Patti Bain Holloway v. Commissioner.

United States Tax Court.

November 28, 2006.


Attorney(s) appearing for the Case

Danny and Patti Holloway, pro sese.

Elke B. Esbjornson, for respondent.


MEMORANDUM OPINION

HOLMES, Judge:

Everyone agrees that Danny and Patti Holloway are entitled to a credit on their 2002 income tax for an investment in "closed loop biomass projects." The question is whether that credit should be the $34,500 they claim or only a much smaller amount (less than $4,000) that the Commissioner is willing to allow them after taking into consideration the alternative minimum tax.

Background

The Holloways...

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