Mendelson v. Commissioner
United States Board of Tax Appeals
Under the provisions of section 202(a)(2) of the Revenue Act of 1921, the basis for determining any loss or gain in the sale of property acquired by gift after December 31, 1920, from a person who also obtained ownership by gift, is the cost of the property to the last preceding owner by whom it was not so acquired.
1Opinion of the Court
AARON MENDELSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Mendelson v. Commissioner
Docket No. 10078.
United States Board of Tax Appeals
18 B.T.A. 215; 1929 BTA LEXIS 2099;
November 14, 1929, Promulgated
Under the provisions of section 202(a)(2) of the Revenue Act of 1921, the basis for determining any loss or gain in the sale of property acquired by gift after December 31, 1920, from a person who also obtained ownership by gift, is the cost of the property to the last preceding owner by whom it was not so acquired.
J. Marvin Haynes, Esq., for the petitioner.
W. R. Lansford, Esq.,…
2Cases cited1 opinion
- Mendelson v. CommissionerUnited States Board of Tax Appeals · 1929