Estate of Hesse v. Commissioner
United States Tax Court
Mr. Hesse was a general partner in a limited partnership. He died on July 16, 1970. During 1970, the partnership sustained substantial losses. Held: Mrs. Hesse is not entitled to report her husband's share of partnership losses on the final joint return she filed with him for 1970. Rather, the decedent's distributive share of partnership losses must be reported on the fiduciary income tax return of his estate.
1Opinion of the Court
Estate of Stanley Hesse, Deceased, Elizabeth B. Hesse, Executrix, and Elizabeth B. Hesse, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Hesse v. Commissioner
Docket No. 1471-75
United States Tax Court
74 T.C. 1307; 1980 U.S. Tax Ct. LEXIS 63;
September 16, 1980, Filed
Decision will be entered for the respondent.
Mr. Hesse was a general partner in a limited partnership. He died on July 16, 1970. During 1970, the partnership sustained substantial losses. Held: Mrs. Hesse is not entitled to report her husband's share of partnership losses on the final joint return she filed with…
2Cases cited6 opinions
- Guaranty Trust Co. v. CommissionerSupreme Court of the United States · 1938
- Reporter Pub. Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1953
- Ewing Thomas Converting Co. v. McCaughnCourt of Appeals for the Third Circuit · 1930
- Beatty v. CommissionerUnited States Tax Court · 1966
- Estate of Hesse v. CommissionerUnited States Tax Court · 1980
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