Lewis Furer Martha Irene Furer v. Commissioner of Internal Revenue Service

33 F.3d 58 74 A.F.T.R.2d 94 -6019 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Lewis FURER; Martha Irene Furer, Petitioners-Appellants, v. COMMISSIONER OF INTERNAL REVENUE SERVICE, Respondent-Appellee. No. 93-70945. United States Court of Appeals, Ninth Circuit. Submitted Aug. 3, 1994. * Decided Aug. 10, 1994. Before: WALLACE, Chief Judge, HUG and RYMER, Circuit Judges. 1 MEMORANDUM ** 2 Lewis and Martha Irene Furer appeal pro se the tax court's decision affirming the Internal Revenue Service's ("IRS") determination of deficiency in income tax for the years 1985, 1986, and 1987. The Furers contend that the tax court erred by finding that the Furers' losses from the 1987 stock market crash are deductible as capital losses rather than ordinary losses. We have jurisdiction pursuant to 26 U.S.C. Sec. 7482 . We affirm. 3 * Background 4 After the stock market crash in 1987, the Furers filed amended tax returns for 1984, 1985 and 1986, on which they treated their stock…