Uihlein v. Commissioner
United States Board of Tax Appeals
1. All deductions to which either husband or wife filing a joint return is entitled may be deducted from their aggregate gross income. Frank B. Gummey,26 B.T.A. 894, followed. 2. A loss sustained by a husband upon the sale of stock to his wife, with the mutual intention in good faith of transferring ownership, the wife having a substantial estate of her own and having paid therefor with her own money, is deductible by the husband.
1Opinion of the Court
JOSEPH E. UIHLEIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Uihlein v. Commissioner
Docket No. 51234.
United States Board of Tax Appeals
30 B.T.A. 399; 1934 BTA LEXIS 1331;
April 17, 1934, Promulgated
1. All deductions to which either husband or wife filing a joint return is entitled may be deducted from their aggregate gross income. Frank B. Gummey,26 B.T.A. 894, followed.
2. A loss sustained by a husband upon the sale of stock to his wife, with the mutual intention in good faith of transferring ownership, the wife having a substantial estate of her own and having paid therefor…
2Cases cited12 opinions
- United States v. IshamSupreme Court of the United States · 1873
- Nace Realty Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Gummey v. CommissionerUnited States Board of Tax Appeals · 1932
- Fouke v. CommissionerUnited States Board of Tax Appeals · 1925
- Robertson v. CommissionerUnited States Board of Tax Appeals · 1930
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