Baucum v. Commissioner
United States Board of Tax Appeals
1. Sale of royalty rights held to give rise to taxable gain. 2. Revenue received from sale of royalty interest held to be community income.
1Opinion of the Court
BAMMA BAUCUM, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Baucum v. Commissioner
Docket No. 20085.
United States Board of Tax Appeals
17 B.T.A. 1312; 1929 BTA LEXIS 2151;
November 7, 1929, Promulgated
1. Sale of royalty rights held to give rise to taxable gain.
2. Revenue received from sale of royalty interest held to be community income.
Walter E. Barton, Esq., for the petitioner.
Brice Toole, Esq., for the respondent.
VAN FOSSAN
This is a proceeding for the redetermination of a deficiency in income tax for the calendar year 1922, amounting to $6,530.84.
The petitioner alleges as…
2Cases cited12 opinions
- Ohio Oil Company v. IndianaSupreme Court of the United States · 1900
- Frost-Johnson Lumber Co. v. Salling's HeirsSupreme Court of Louisiana · 1922
- Phillips v. PhillipsSupreme Court of Louisiana · 1926
- Rives v. Gulf Refining Co.Supreme Court of Louisiana · 1913
- Peters v. KleinSupreme Court of Louisiana · 1926
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