United States Tax Court June 25, 1985, Docket No. 23927-82. (Magin v. Commissioner)

MORRIS N. MAGIN and JANICE MAGIN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Magin v. Commissioner Docket No. 23927-82. United States Tax Court T.C. Memo 1985-304; 1985 Tax Ct. Memo LEXIS 321; 50 T.C.M. (CCH) 208; T.C.M. (RIA) 85304; June 25, 1985. *321 Held, M's purported investment in a videotape tax shelter was a factual sham.