In re the Claim of Leshner

Claimant is the owner of 50% of the capital stock of a business corporation which wholly owns a summér resort hotel and its seventy acres of site in the Catskills. He also owns 25% of the capital stock of another corporation which operates the hotel during the resort season on lease from the owner at annual rental of $12,000. During the summer season claimant is employed as manager of the hotel and receives $2,200 for his services. His wife and children are then also employed there, the wife receiving $500 for her services. The hotel operates for about four months. It is closed the rest of…