$$ Jenkins v Comm'r, TC Memo $1983-667$

$5.$ In Jenkins, the petitioner paid a failed business's debts after the business was closed and deducted these amounts from his earnings from a completely different business or field. Did the court allow the deduction? Why or why not?

$6.$ In Jenkins, the court mentioned Gould and stated that payment of a debt on behalf of another was deductible. What are the similarities between Gould and Jenkins?

$7.$ What code section is guiding the court's reasoning in both Lohrke and Jenkins. What is that code section about?