Court of Appeals for the Ninth Circuit June 4, 1986, Nos. 84-7781, 84-7783, 84-7784 and 84-7864 (Bryant v. Commissioner)

WIGGINS, Circuit Judge:

The taxpayers in these consolidated cases appeal the Tax Court’s decision upholding the Commissioner’s determination of deficiencies in their federal taxes, and his assessment of additions to their taxes under 26 U.S.C. § 6653(a) (1982). We affirm.

I. FACTS

These taxpayers, along with many others, invested in domestic beavers during the 1970’s.