Hill v. Commissioner
United States Board of Tax Appeals
Taxpayer and cotenant were the owners of a parcel of real estate in the State of Michigan which they had mortgaged to secure funds to pay for the land. In 1934 taxpayer and his cotenant were delinquent in their payments and the mortgage was foreclosed.
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Taxpayer and cotenant were the owners of a parcel of real estate in the State of Michigan which they had mortgaged to secure funds to pay for the land. In 1934 taxpayer and his cotenant were delinquent in their payments and the mortgage was foreclosed. At the sheriff's sale the property was purchased by the owners of the mortgage for an amount which equaled the unpaid mortgage indebtedness, interest, taxes, and costs and the purchasers received a sheriff's deed for the property. Several months later, in the same year, the taxpayer and his wife executed a quitclaim deed to the purchasers at…
1Opinion of the Court
SHERWIN A. HILL, SPECIAL ADMINISTRATOR OF THE ESTATE OF JOHN R. MCNAUGHTON, DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hill v. Commissioner
Docket No. 92195.
United States Board of Tax Appeals
40 B.T.A. 376; 1939 BTA LEXIS 854;
August 9, 1939, Promulgated
Taxpayer and cotenant were the owners of a parcel of real estate in the State of Michigan which they had mortgaged to secure funds to pay for the land. In 1934 taxpayer and his cotenant were delinquent in their payments and the mortgage was foreclosed. At the sheriff's sale the property was purchased by the owners of…
2Cases cited4 opinions
- Stout v. KeyesMichigan Supreme Court · 1845
- Rust v. CommissionerUnited States Board of Tax Appeals · 1938
- Hill v. CommissionerUnited States Board of Tax Appeals · 1939
- Warfield v. CommissionerUnited States Board of Tax Appeals · 1938