Glenn Cunningham Ballard & Yu-Yuan Pu v. Commissioner

2018 T.C. Summary Opinion 53
CourtUnited States Tax Court
DecidedNovember 27, 2018
Docket12792-13S
StatusUnpublished

This text of 2018 T.C. Summary Opinion 53 (Glenn Cunningham Ballard & Yu-Yuan Pu v. Commissioner) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Glenn Cunningham Ballard & Yu-Yuan Pu v. Commissioner, 2018 T.C. Summary Opinion 53 (tax 2018).

Opinion

T.C. Summary Opinion 2018-53

UNITED STATES TAX COURT

GLENN CUNNINGHAM BALLARD AND YU-YUAN PU, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Docket No. 12792-13S. Filed November 27, 2018.

Glenn Cunningham Ballard and Yu-Yuan Pu, pro sese.

Sarah E. Sexton Martinez and Nicholas R. Rosado, for respondent.

SUMMARY OPINION

ASHFORD, Judge: This case was heard pursuant to the provisions of

section 7463 of the Internal Revenue Code in effect when the petition was filed.1

1 Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the years at issue, and all Rule references are to the Tax Court Rules of Practice and Procedure. Some monetary amounts are rounded (continued...) -2-

Pursuant to section 7463(b), the decision to be entered is not reviewable by any

other Court, and this opinion shall not be treated as precedent for any other case.

By statutory notice of deficiency dated March 8, 2013, respondent

determined deficiencies in petitioners’ Federal income tax and accuracy-related

penalties pursuant to section 6662(a) for the 2008, 2009, and 2010 taxable years

(years at issue) as follows:

Accuracy-related penalty Year Deficiency sec. 6662(a)

2008 $22,486 $4,497 2009 300 60 2010 7,959 1,592

After concessions,2 the issues remaining for decision are whether

1 (...continued) to the nearest dollar. 2 Petitioners failed to assign error in their petition to respondent’s inclusion of their State income tax refunds for the years at issue, partial disallowance of a mortgage interest deduction for 2009 claimed on Schedule A, Itemized Deductions, and full disallowance of a mortgage interest deduction for 2010 claimed on Schedule E, Supplemental Income and Loss. Accordingly, these issues are deemed conceded. See Rule 34(b)(4) (failure to assign error is deemed concession); Funk v. Commissioner, 123 T.C. 213, 215 (2004). Mr. Ballard also conceded the State income tax refunds issue on the record at trial. Respondent conceded the accuracy-related penalty issue for 2009 on the record at trial. Additional issues not discussed herein are computational adjustments based on other adjustments to petitioners’ Federal income tax returns. -3-

petitioners3 (1) are entitled to rental real estate loss deductions they claimed on

their Schedules E for the years at issue (over and above the amounts respondent

allowed pursuant to section 469(i)) and (2) are liable for accuracy-related penalties

for 2008 and 2010. We resolve both issues in favor of respondent.

Background

Some of the facts have been stipulated and are so found. The stipulation of

facts and the attached exhibits are incorporated herein by this reference.

Petitioners resided in California when they timely filed their petition with the

Court.

I. Petitioners and Their Residential Rental Properties

Mr. Ballard and Ms. Pu were married in 2003 and had three children under

six years old during the years at issue. During the years at issue Ms. Pu was a

homemaker caring for these children; Mr. Ballard was a certified public

accountant (C.P.A.). He earned a bachelor’s degree in business administration

with a concentration in accounting, and a master’s degree in taxation. During the

years at issue Mr. Ballard attended part time (Saturdays from August to May with

a brief break in December) the University of California, Berkeley, for a master’s

3 Ms. Pu did not appear in Court at trial, but Mr. Ballard was authorized to speak (and sign the stipulation of facts) for her; and the Court allowed this. -4-

degree in business administration (M.B.A.). He was awarded his M.B.A. in May

2010. During the years at issue Mr. Ballard experienced short periods of

unemployment but also worked full time at various technology companies.

Beginning in 1987 Mr. Ballard started acquiring residential rental property.

During the years at issue petitioners owned and rented out six properties--five

single-family homes in Georgia and one condominium in California.4 In 2010

petitioners also owned and rented out a seventh property--a single-family home in

San Jose, California. Petitioners visited their rental properties in California but

did not visit their Georgia rental properties during the years at issue.

Petitioners sought prospective tenants by posting advertisements on

Craigslist. They received rent directly from tenants, and Mr. Ballard received

maintenance requests from tenants. He hired third-party vendors to make repairs

and carry out maintenance on the Georgia properties, which included yard work,

rodent control, trash removal, and painting. In petitioners’ Georgia rental

agreements they designated an agent who would provide keys to tenants, hold

apartment showings, perform maintenance, and inspect the properties.

4 Ms. Pu had owned and resided in the condominium before marrying Mr. Ballard. -5-

II. Petitioners’ Joint Federal Income Tax Returns

Petitioners prepared and timely filed (using TurboTax) their Forms 1040,

U.S. Individual Income Tax Return, for the years at issue. As relevant here, they

attached Schedules E to each Form 1040, reporting rental income and expenses

attributable to their residential rental properties. On their 2008 Schedules E they

claimed loss deductions totaling $91,571. On their 2009 Schedules E they claimed

loss deductions totaling $119,337. On their 2010 Schedules E they claimed loss

deductions totaling $100,646.

Approximately one year after filing their Form 1040 for 2010 petitioners

submitted a Form 1040X, Amended U.S. Individual Tax Return, for 2010. On this

form they made adjustments to their adjusted gross income and itemized

deductions, causing a decrease in taxable income. They also substituted on one of

the Schedules E which they attached to the Form 1040X a San Jose, California,

property with an address different from the one reported on their original return.

On these Schedules E they claimed loss deductions totaling $80,356.

III. Audit and Determination

Respondent audited petitioners’ returns for the years at issue. During the

audit petitioners provided time logs for 2008 which reported 1,669 and 772 hours

spent by Mr. Ballard and Ms. Pu, respectively, relative to their residential rental -6-

properties. These logs were not kept contemporaneously; Mr. Ballard created

them from his recollection of activities in conjunction with reviewing emails,

phone records, receipts, rental applications, and rental agreements. With respect

to Ms. Pu’s hours in particular, many of them were for nonmanagerial activities,

i.e, investor-type activities. Petitioners did not provide time logs for 2009 and

2010 but provided to respondent on the day of trial copies of documents consisting

of invoices, receipts, checks, rental applications, rental agreements, and letters.

Except to the extent allowed by application of section 469(i), respondent

disallowed petitioners’ claimed loss deductions for the years at issue because their

residential rental activities were passive activities in the context of section 469.

The record includes a completed Civil Penalty Approval Form for the

section 6662(a) accuracy-related penalties for the years at issue. The form

includes a signature on the line provided on the form for “Group Manager

Approval to Assess Penalties Identified Above” dated March 30, 2012, before the

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