Archbold v. Commissioner
United States Board of Tax Appeals
The basis for computing gain or loss from the sale in 1933 by an individual of property which had been received by distribution from a trustee of a trust created gratuitously by his grandparent before 1921 is the basis of the trustee and not the value of the property when received by distribution.
1Opinion of the Court
RICHARD ARCHBOLD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ADRIAN ARCHBOLD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
JOHN ARCHBOLD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ARCHBOLD VAN BEUREN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Archbold v. Commissioner
Docket Nos. 89669, 89732, 89752, 90823.
United States Board of Tax Appeals
40 B.T.A. 1238; 1939 BTA LEXIS 734;
December 22, 1939, Promulgated
The basis for computing gain or loss from the sale in 1933 by an individual of property which had been received by…
2Cases cited1 opinion
- Archbold v. CommissionerUnited States Board of Tax Appeals · 1939