Wurlitzer v. Commissioner
United States Board of Tax Appeals
Under the provisions of section 113(a)(2) of the Revenue Act of 1928, the basis for determining gain or loss on the sale of property acquired by gift after December 31, 1920, from a person who also acquired ownership by gift, is the cost or March 1, 1913, value of the property to the last preceding owner by whom it was not acquired by gift.
1Opinion of the Court
HELENE V. B. WURLITZER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Wurlitzer v. Commissioner
Docket No. 61690.
United States Board of Tax Appeals
29 B.T.A. 658; 1934 BTA LEXIS 1501;
January 3, 1934, Promulgated
Under the provisions of section 113(a)(2) of the Revenue Act of 1928, the basis for determining gain or loss on the sale of property acquired by gift after December 31, 1920, from a person who also acquired ownership by gift, is the cost or March 1, 1913, value of the property to the last preceding owner by whom it was not acquired by gift.
Laurence Graves, Esq., for the…
2Cases cited4 opinions
- Taft v. BowersSupreme Court of the United States · 1929
- Cooper v. United StatesSupreme Court of the United States · 1930
- Mendelson v. CommissionerUnited States Board of Tax Appeals · 1929
- Wurlitzer v. CommissionerUnited States Board of Tax Appeals · 1934