United States Tax Court August 4, 1986, Docket No. 10526-85. (Jacobs v. Commissioner)

JERRY C. JACOBS AND ISABEL F. JACOBS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Jacobs v. Commissioner Docket No. 10526-85. United States Tax Court T.C. Memo 1986-343; 1986 Tax Ct. Memo LEXIS 267; 52 T.C.M. (CCH) 25; T.C.M. (RIA) 86343; August 4, 1986. *267 Held: Deductions related to the alleged purchase of cattle from Southern Star Land & Cattle Company, Inc.