Amey v. Commissioner
United States Tax Court
Payments made by a lessee of property to the mortgagee in reduction of the outstanding mortgage indebtedness constituted rental income to petitioner-lessor, even though petitioner was not personally liable on the mortgage.
1Opinion of the Court
Ethel S. Amey, Petitioner, v. Commissioner of Internal Revenue, Respondent
Amey v. Commissioner
Docket No. 40524
United States Tax Court
22 T.C. 756; 1954 U.S. Tax Ct. LEXIS 154;
June 30, 1954, Filed June 30, 1954, Filed
Decision will be entered under Rule 50.
Payments made by a lessee of property to the mortgagee in reduction of the outstanding mortgage indebtedness constituted rental income to petitioner-lessor, even though petitioner was not personally liable on the mortgage.
Maurice D. Dolphin, Esq., for the petitioner.
George E. Grimball, Jr., Esq., for the respondent.
Arundell, Judge.
ARUNDELL
Respo…
2Cases cited1 opinion
- Amey v. CommissionerUnited States Tax Court · 1954