Briarcliff Inv. Co. v. Commissioner
United States Board of Tax Appeals
Brokerage commissions paid by an investment corporation "engaged in the real estate business" in connection with two real estate transactions in which larger properties were acquired for cash and other smaller properties, held not deductible when paid.
1Opinion of the Court
BRIARCLIFF INVESTMENT COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Briarcliff Inv. Co. v. Commissioner
Docket No. 71188.
United States Board of Tax Appeals
30 B.T.A. 1269; 1934 BTA LEXIS 1200;
July 24, 1934, Promulgated
Brokerage commissions paid by an investment corporation "engaged in the real estate business" in connection with two real estate transactions in which larger properties were acquired for cash and other smaller properties, held not deductible when paid.
Byron P. Harris, C.P.A., for the petitioner.
Frank B. Schlosser, Esq., for the respondent.
STERNHAGEN
OPINION.
ST…
2Cases cited1 opinion
- Briarcliff Inv. Co. v. CommissionerUnited States Board of Tax Appeals · 1934