Parkway Realty Corp. v. Commissioner
United States Tax Court
Held: Certain expenditures made by petitioners in 1952 and 1953 in connection with the settlement of litigation involving the creation of and transfers to the Max Rosoff Trust and the probate of the will of Max Rosoff, were capital expenditures and are not deductible under section 23(a)(1)(A) or section 23(a)(2) of the Internal Revenue Code of 1939.
1Opinion of the Court
Parkway Realty Corporation v. Commissioner. A.B. and B. M. Rosoff, Trustees under trust created by Max Rosoff v. Commissioner.
Parkway Realty Corp. v. Commissioner
Docket Nos. 62277 and 62278.
United States Tax Court
T.C. Memo 1959-50; 1959 Tax Ct. Memo LEXIS 198; 18 T.C.M. (CCH) 235; T.C.M. (RIA) 59050;
March 16, 1959
Held: Certain expenditures made by petitioners in 1952 and 1953 in connection with the settlement of litigation involving the creation of and transfers to the Max Rosoff Trust and the probate of the will of Max Rosoff, were capital expenditures and are not deductible under section…
2Cases cited1 opinion
- Cohen v. CommissionerUnited States Tax Court · 1955