United States Tax Court March 14, 1990, Docket No. 8851-88 (Santi v. Commissioner)

LOUIS P. SANTI AND OPAL B. SANTI, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Santi v. Commissioner Docket No. 8851-88 United States Tax Court T.C. Memo 1990-137; 1990 Tax Ct. Memo LEXIS 137; 59 T.C.M. (CCH) 110; T.C.M. (RIA) 90137; March 14, 1990 *137 Held: A valid election under section 172(b)(3)(C) to forgo the carryback of a net operating loss was made.