White v. Commissioner
United States Tax Court
Petitioner and his wife owned a farm in Michigan as tenants by the entireties upon which general farming operations were conducted. During the taxable year, a net operating loss resulted from the operation of said farm. All expenses pertaining to such operation were paid by petitioner. Held, the net operating loss resulting from the farming operations was deductible one-half by petitioner and one-half by his wife in their individual Federal income tax returns.
1Opinion of the Court
OPINION.
Rice, Judge:
The respondent determined a deficiency in income tax for the year 1947 in the amount of $2,856.68. The sole issue is whether petitioner is entitled to deduct the entire loss suffered on a farm where the farm was held by petitioner and his wife as tenants by the entireties.
All of the facts were stipulated, are so found, and are incorporated herein. Petitioner is an individual with his principal office in Detroit, Michigan. Returns were filed with the collector of internal revenue for the district of Michigan at Detroit, Michigan.
Petitioner is married, and lived with his…
2Cases cited5 opinions
- Poe v. SeabornSupreme Court of the United States · 1930
- Hopkins v. BaconSupreme Court of the United States · 1930
- Greene v. CommissionerUnited States Tax Court · 1946
- Stewart v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Commissioner of Internal Revenue v. HartCourt of Appeals for the Sixth Circuit · 1935
3Cited by11 opinions
- Bour v. CommissionerUnited States Tax Court · 1954
- Parsons v. CommissionerUnited States Tax Court · 1964
- Reynolds v. CommissionerUnited States Tax Court · 1956
- Finney v. CommissionerUnited States Tax Court · 1976
- Bour v. CommissionerUnited States Tax Court · 1954
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