United States Tax Court April 11, 1995, Docket No. 8428-94 (Dunnegan v. Commissioner)

WILLIAM DUNNEGAN AND JACQUELINE FISHER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Dunnegan v. Commissioner Docket No. 8428-94 United States Tax Court T.C. Memo 1995-167; 1995 Tax Ct. Memo LEXIS 159; 69 T.C.M. (CCH) 2391; April 11, 1995, Filed Decision will be entered under Rule 155. In 1985, P and his parents (Fs) acquired a rental property as tenants in common.