Sonji Marie Mosley

CourtUnited States Tax Court
DecidedJanuary 22, 2025
Docket11872-22
StatusUnpublished

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Bluebook
Sonji Marie Mosley, (tax 2025).

Opinion

United States Tax Court

T.C. Memo. 2025-7

SONJI MARIE MOSLEY, Petitioner

v.

COMMISSIONER OF INTERNAL REVENUE, Respondent

__________

Docket No. 11872-22. Filed January 22, 2025.

Sonji Marie Mosley, pro se.

Xheni D. Gallagher, Timothy R. Prosky, and Olivia H. Rembach, for respondent.

MEMORANDUM OPINION

ASHFORD, Judge: The Internal Revenue Service (IRS or respondent) determined a deficiency in petitioner’s federal income tax of $83,373 and additions to tax pursuant to sections 6651(a)(1) and (2) 1 and 6654 of $8,566, $7,424, and $1,071, respectively, for the 2018 taxable year. The issues for decision are whether for 2018 petitioner is (1) entitled to a net operating loss (NOL) carryforward deduction, (2) entitled to a capital loss carryforward deduction, (3) liable for the 10% additional tax imposed by section 72(t) on early distributions from

1 Unless otherwise indicated, statutory references are to the Internal Revenue

Code, Title 26 U.S.C., in effect at all relevant times, regulation references are to the Code of Federal Regulations, Title 26 (Treas. Reg.), in effect at all relevant times, and Rule references are to the Tax Court Rules of Practice and Procedure. Some monetary amounts are rounded to the nearest dollar.

Served 01/22/25 2

[*2] qualified retirement plans, and (4) liable for the additions to tax. 2 We resolve all issues in favor of respondent.

Background

The parties submitted this case to the Court for decision without trial under Rule 122. The Court incorporates by reference the parties’ Stipulation of Facts, the Supplemental Stipulation of Facts, and the attached Exhibits. Petitioner resided in North Carolina when she filed her Petition with the Court.

I. Petitioner’s Real Estate Activities and Pre-2018 Tax Reporting of Those Activities

In 2003 petitioner purchased four residential rental properties in North Carolina (North Carolina properties). In 2007 petitioner purchased land as a capital investment in Bluffton, South Carolina (South Carolina land). On various dates in 2009, however, the North Carolina properties and the South Carolina land were foreclosed on by lenders.

Petitioner did not report the tax implications of the foreclosures on the North Carolina properties on her 2009 federal income tax return. Instead, on that return (i.e., line 17—Rental real estate, royalties, partnerships, S corporations, trusts, etc.) and as detailed on Schedule E, Supplemental Income and Loss, attached that return, petitioner claimed loss deductions totaling $20,290 for various expenses incurred with respect to the properties during 2009. Additionally, on her 2014 and 2015 federal income tax returns (i.e., line 14—Other gains or (losses)) and as detailed on Forms 4797, Sales of Business Property, attached to those returns, petitioner claimed ordinary loss deductions of $17,064 and $28,770, respectively, from the sale or exchange of two of the North Carolina properties (one property in 2014 and the other property in 2015) despite the foreclosures on those properties in 2009. It was on her 2016 and 2017 federal income tax returns (i.e., line 21—Other income)

2 The primary basis of the federal income tax deficiency determined against

petitioner was that she had unreported income totaling $257,707, consisting of wages of $40,656, interest income of $180, and income from early distributions from two individual retirement accounts (IRAs) totaling $216,871. Pursuant to the Stipulation of Facts and on brief, petitioner agreed that she received the aforementioned unreported income. With respect to the deficiency, petitioner challenges only her right to offset that income by certain deductions and the imposition of the section 72(t) additional tax on the early IRA distributions. 3

[*3] that petitioner claimed an NOL carryforward deduction of $37,064 for each of those years.

With respect to the foreclosure on the South Carolina land, petitioner reported on Schedule D, Capital Gains and Losses, attached to her 2009 return, $182,343 of net long-term capital losses resulting from the foreclosure, and on that return (i.e., line 13—Capital gain or (loss)) she claimed $3,000 of that amount as a capital loss deduction pursuant to section 1211(b). On her federal income tax returns for 2010–17, petitioner carried forward the 2009 net long-term capital losses, claiming for each of those years a $3,000 capital loss deduction. Additionally, on her 2015 return and as detailed on Form 4797 attached to that return, petitioner claimed an ordinary loss deduction of $110,257 from the sale or exchange of the South Carolina land despite the foreclosure on that land in 2009.

II. Petitioner’s 2018 Income

During 2018 petitioner worked for the City of Charlotte, North Carolina. As a City of Charlotte employee petitioner had two IRAs: one with Prudential Insurance Co. of America (Prudential) and the other with the Local Governmental Employees Retirement System of NC (LGERS). During 2018, pursuant to withdrawal requests she made to Prudential and LGERS, petitioner received three distributions totaling $224,674. As of the close of that year, petitioner was under 59-1/2 years of age.

Prudential sent the IRS and petitioner Forms 1099–R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., for 2018, reflecting gross distributions of $9,003 and $119,820 as early distributions with “no known exception.” Similarly, LGERS sent the IRS and petitioner a Form 1099–R, for 2018, reflecting a gross distribution of $95,851 as an early distribution with “no known exception.” Each Form 1099–R also reflected a certain amount of federal income tax withheld. The Form 1099–R with respect to the $9,003 distribution further reflected that the distribution was a “designated Roth account distribution” and that the taxable amount of the distribution was $1,200.

III. Petitioner’s 2018 Tax Reporting and the 2018 Notice of Deficiency

Petitioner did not file a federal income tax return for 2018. Using the information on the Forms 1099–R from Prudential and LGERS, as well as other third-party information, the IRS prepared a substitute for 4

[*4] return for petitioner for 2018 pursuant to section 6020(b) (2018 SFR). The 2018 SFR included as income wages from the City of Charlotte, interest from the Local Government Federal Credit Union, and the IRA distributions; allowed a standard deduction for a single filer; and took into account the federal income tax withheld on the wages and the IRA distributions.

The IRS sent petitioner a notice based on the SFR, dated November 8, 2021, informing her that (1) the IRS had not received her 2018 return and (2) if she did not file it by December 8, 2021, the IRS would assess her proposed 2018 liability using single or married filing separate filing status and as a result she would not otherwise receive certain exemptions, deductions, or credits. 3 The notice outlined petitioner’s proposed 2018 liability which, as of the date of the notice, totaled $59,699: (1) a proposed liability of $83,373; (2) payments she made (i.e., federal income tax withheld) of $45,301; (3) a “[f]ailure to file penalty” (i.e., the section 6651(a)(1) addition to tax) of $8,566; (4) a “[f]ailure to pay penalty” (i.e., the section 6651(a)(2) addition to tax) of $6,282; (5) a “[f]ailure to pay proper estimated tax” (i.e., the section 6654 addition to tax) of $1,071; and (6) statutory “[i]nterest charges” of $5,707. The proposed liability included an additional $21,687 in income tax that petitioner owed on early distributions from IRAs and other retirement plans under section 72(t).

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Sonji Marie Mosley, Counsel Stack Legal Research, https://law.counselstack.com/opinion/sonji-marie-mosley-tax-2025.