Gilmartin v. Commissioner
United States Tax Court
Petitioners donated real estate to a school district for which they claimed a charitable contribution deduction for the value determined by petitioners' appraiser who before being retained by the donor had made an independent appraisal of the property at the same value for the school district donee. Held: The fair market value of the donated property determined. Petitioners also claimed a depreciation deduction on a residence which was inherited and held for sale only.
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Petitioners donated real estate to a school district for which they claimed a charitable contribution deduction for the value determined by petitioners' appraiser who before being retained by the donor had made an independent appraisal of the property at the same value for the school district donee. Held: The fair market value of the donated property determined. Petitioners also claimed a depreciation deduction on a residence which was inherited and held for sale only. Held further: Proof of basis for depreciation is denied where based only upon a local real estate tax assessment bill of…
1Opinion of the Court
MAURICE A. GILMARTIN, JR. and NANCY W. GILMARTIN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Gilmartin v. Commissioner
Docket No. 2884-70
United States Tax Court
T.C. Memo 1973-247; 1973 Tax Ct. Memo LEXIS 40; 32 T.C.M. (CCH) 1158; T.C.M. (RIA) 73247;
November 13, 1973, Filed
Petitioners donated real estate to a school district for which they claimed a charitable contribution deduction for the value determined by petitioners' appraiser who before being retained by the donor had made an independent appraisal of the property at the same value for the school district donee.
Held: The…
2Cases cited9 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. LudeySupreme Court of the United States · 1927
- Burnet v. HoustonSupreme Court of the United States · 1931
- Casey v. CommissionerUnited States Tax Court · 1962
- McGuire v. CommissionerUnited States Tax Court · 1965
4 more not listed; retrieve them via the Exa API.
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