Shelden v. Commissioner
United States Board of Tax Appeals
1. The petitioner, H. D. Shelden, made a valid gift to his children of a real estate subdivision business on or prior to November 3, 1920. The basis for computing gain or loss to the donees from sale of the property and from certain installment contracts is the fair market price or value at the date of the gift. 2. A donor of installment contracts receivable realizes no taxable income at the effective date of the gift or in the years when the donees collect the installment…
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1. The petitioner, H. D. Shelden, made a valid gift to his children of a real estate subdivision business on or prior to November 3, 1920. The basis for computing gain or loss to the donees from sale of the property and from certain installment contracts is the fair market price or value at the date of the gift. 2. A donor of installment contracts receivable realizes no taxable income at the effective date of the gift or in the years when the donees collect the installment payments. 3. A donee of installment contracts receivable is not taxable on the profit computed for the donor when…
1Opinion of the Court
H. D. SHELDEN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ALLAN SHELDEN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ALGER SHELDEN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
HENRY SHELDEN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ANNETTE S. STACKPOLE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ALLAN SHELDEN, ALGER SHELDEN AND HENRY SHELDEN, TRUSTEES, ROBINSON TRUST, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Shelden v. Commissioner
Docket Nos. 33067, 41823-41828.
United States Board of Tax…
2Cases cited6 opinions
- Poe v. SeabornSupreme Court of the United States · 1930
- Irwin v. GavitSupreme Court of the United States · 1925
- Hoeper v. Tax Comm'n of Wis.Supreme Court of the United States · 1931
- Taft v. BowersSupreme Court of the United States · 1929
- B. B. Todd, Inc. v. CommissionerUnited States Board of Tax Appeals · 1925
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