Estate of Otte v. Commissioner
United States Tax Court
Petitioner was married to decedent for 35 years and during this period they purchased several parcels of real estate in Indiana as tenants by the entireties. Under Indiana law, income from such property belongs to spouses in equal shares, and each spouse is considered to have paid from his or her separate funds one-half of the cost of any property acquired through investment of the income from such property.
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Petitioner was married to decedent for 35 years and during this period they purchased several parcels of real estate in Indiana as tenants by the entireties. Under Indiana law, income from such property belongs to spouses in equal shares, and each spouse is considered to have paid from his or her separate funds one-half of the cost of any property acquired through investment of the income from such property. In addition to contributing her share of the income from jointly owned realty to acquire more property from 1932 until decedent's demise in 1967, decedent and petitioner working as a…
1Opinion of the Court
Estate of Everett Otte, Deceased, Lura C. Otte, Executrix v. Commissioner.
Estate of Otte v. Commissioner
Docket No. 187-70.
United States Tax Court
T.C. Memo 1972-76; 1972 Tax Ct. Memo LEXIS 180; 31 T.C.M. (CCH) 301; T.C.M. (RIA) 72076;
March 28, 1972, Filed.
Petitioner was married to decedent for 35 years and during this period they purchased several parcels of real estate in Indiana as tenants by the entireties. Under Indiana law, income from such property belongs to spouses in equal shares, and each spouse is considered to have paid from his or her separate funds one-half of the cost of any…
2Cases cited12 opinions
- United States v. WellsSupreme Court of the United States · 1931
- Allen v. Trust Co. of Ga.Supreme Court of the United States · 1946
- City Bank Farmers Trust Co. v. McGowanSupreme Court of the United States · 1945
- Phillips v. Dime Trust & Safe Deposit Co.Supreme Court of the United States · 1931
- Sharpe v. BakerIndiana Court of Appeals · 1911
7 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Estate of Leve v. LeveMissouri Court of Appeals · 1986