United States Tax Court March 13, 2001, No. 670-99 (Nordtvedt v. Commissioner)

lead-opinion

OPINION

RUWE, Judge:

Respondent determined a deficiency of $580 in petitioner’s 1996 Federal income tax. The issues for decision are: (1) Whether petitioner may adjust the basis in his retirement annuity by an inflation factor, to take account of inflation between the date of his contributions to the retirement plan and the annuity starting date, thereby increasing his basis from the