Pickus v. Commissioner
United States Tax Court
Held: Unimproved real estate purchased at tax-delinquency sales and held for substantial periods without development or sales activity was not held for sale to customers in the ordinary course of taxpayer's trade or business. Proper years to report certain income determined.
1Opinion of the Court
Abe Pickus and Etta Pickus v. Commissioner.
Pickus v. Commissioner
Docket No. 90659.
United States Tax Court
T.C. Memo 1963-342; 1963 Tax Ct. Memo LEXIS 4; 22 T.C.M. (CCH) 1791; T.C.M. (RIA) 63342;
December 30, 1963
Held: Unimproved real estate purchased at tax-delinquency sales and held for substantial periods without development or sales activity was not held for sale to customers in the ordinary course of taxpayer's trade or business. Proper years to report certain income determined.
Martin A. Rini, 830 Bulkley Bldg., Cleveland, Ohio, for the petitioners. Buckley D. Sowards for the respondent.
TRAI…
2Cases cited23 opinions
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- National Carbide Corp. v. CommissionerSupreme Court of the United States · 1949
- MAULDIN v. COMMISSIONER OF INTERNAL REVENUE (Two Cases)Court of Appeals for the Tenth Circuit · 1952
- Mauldin v. CommissionerUnited States Tax Court · 1951
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