Pederson v. Commissioner
United States Tax Court
1. Held, reimbursement by the employer of one of petitioners of selling expenses incurred by petitioners on the sale of their Detroit residence, which was sold because of one of petitioners being transferred to Minnesota for the convenience of his employer, constitutes taxable income to petitioners. 2. Held, further, real estate taxes for the calendar year 1959 with respect to a house which petitioners purchased on September 8, 1959, which were paid by petitioners in 1960,…
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1. Held, reimbursement by the employer of one of petitioners of selling expenses incurred by petitioners on the sale of their Detroit residence, which was sold because of one of petitioners being transferred to Minnesota for the convenience of his employer, constitutes taxable income to petitioners. 2. Held, further, real estate taxes for the calendar year 1959 with respect to a house which petitioners purchased on September 8, 1959, which were paid by petitioners in 1960, are deductible by petitioners only to the extent of 115/365 of the total 1959 taxes pursuant to the provisions of…
1Opinion of the Court
OPINION
Scott, Judge:
Respondent determined a deficiency in petitioners’ income tax for the calendar year 1960 in the amount of $320.76. The issues for decision are:(1) Whether the amount of $1,088 paid by the employer of one of petitioners as reimbursement for certain selling expenses incurred by petitioners on the sale of their residence in Detroit, Mich., when one of petitioners was transferred to Minneapolis, Minn., is includable in petitioners’ taxable income.(2) Whether petitioners may deduct the entire amount of 1959 real property taxes which they paid in 1960 on their residence in…
2Cases cited6 opinions
- Magruder v. SuppleeSupreme Court of the United States · 1942
- Ferebee v. CommissionerUnited States Tax Court · 1963
- Bradley v. CommissionerUnited States Tax Court · 1963
- Merrimac Mining Co. v. GrossSupreme Court of Minnesota · 1943
- Harris W. Bradley and Patricia G. Bradley v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1963
1 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- James J. Ritter v. The United StatesUnited States Court of Claims · 1968
- Aagaard v. CommissionerUnited States Tax Court · 1971
- Lull v. CommissionerUnited States Tax Court · 1969
- Keener v. CommissionerUnited States Tax Court · 1972
- Aagaard v. CommissionerUnited States Tax Court · 1971
9 more not listed; retrieve them via the Exa API.