Bahr v. Commissioner
United States Board of Tax Appeals
Value of land received as part consideration for the sale of real estate determined. Certain costs of sales allowed and others disallowed on account of lack of evidence.
1Opinion of the Court
*638OPINION.
Lansdon :
The parties are agreed that lands sold by the petitioner were acquired subsequent to March 1, 1913, at a cost of $95,200. The only matters in dispute here are the sales prices received for such lands in the taxable year and some expenses alleged to have been incurred in connection with such sales.
We are convinced that the petitioner paid commissions of $800 and $1,000 on account of the lands sold to Prochaska and Staufer. These amounts are proper deductions from the sales prices received for such lands, and should be so considered in the computation of the petitioner’s gain…
2Cited by6 opinions
- Counts v. CommissionerUnited States Tax Court · 1964
- Firemen's Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1934
- Dees v. CommissionerUnited States Tax Court · 1962
- Bahr v. CommissionerUnited States Board of Tax Appeals · 1928
- Counts v. CommissionerUnited States Tax Court · 1964
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