Hiatt v. Commissioner
United States Board of Tax Appeals
Where a mother makes a valid transfer of leasehold interests in her land to her daughters and the daughters later sell such interests, the income resulting from such sales is not taxable to her.
1Opinion of the Court
MARY J. HIATT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hiatt v. Commissioner
Docket No. 27081.
United States Board of Tax Appeals
22 B.T.A. 1245; 1931 BTA LEXIS 1979;
April 21, 1931, Promulgated
Where a mother makes a valid transfer of leasehold interests in her land to her daughters and the daughters later sell such interests, the income resulting from such sales is not taxable to her.
H. L. Washington, Esq., for the petitioner.
W. Frank Gibbs, Esq., for the respondent.
LANSDON
The respondent has asserted a deficiency in income tax for the year 1922 in the amount of $15,124.12.…
2Cases cited1 opinion
- Hiatt v. CommissionerUnited States Board of Tax Appeals · 1931