Grinslade v. Commissioner
United States Tax Court
A partnership, in which two of the petitioners each had a one-half interest, owned 1.195 acres of unimproved land at a busy intersection in Indianapolis. The City formulated plans for widening and developing the intersection.
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A partnership, in which two of the petitioners each had a one-half interest, owned 1.195 acres of unimproved land at a busy intersection in Indianapolis. The City formulated plans for widening and developing the intersection. After extended negotiations resulting in a compromise arrangement, petitioners conveyed a total of 0.823 acre of land to the Mass Transportation Authority of Greater Indianapolis by two separate deeds, one purporting to be a gift conveyance of 0.428 acre. Petitioners also granted a storm drainage easement and a right-of-way to M.T.A. In return petitioners received a cash…
1Opinion of the Court
DawsoN, Judge:
In these consolidated cases the respondent determined the following deficiencies in petitioners’ Federal income tases:
Docket No. Year Deficiency Petitioners
7267-71 1969 $9,010.77 Charles 0. Grinslade.
7268-71 1969 11,839. 21 Thomas E. and Cora U. Grinslade.
Certain concessions made by the petitioners and the respondent will be given effect in the Rule 50 computations. The principal issue presented for our decision is whether petitioners are entitled to deduct, as a charitable contribution under section 170,1.R.C. 1954,1 the conveyance of part of an acre of land to the Mass…
2Cases cited10 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Harold Dejong and Marjorie J. Dejong v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1962
- Robert C. Stubbs and Mary Ann Stubbs, Husband and Wife v. United StatesCourt of Appeals for the Ninth Circuit · 1970
- Perlmutter v. CommissionerUnited States Tax Court · 1965
5 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
- Stark v. CommissionerUnited States Tax Court · 1986
- George A. And Meryl Collman v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1975
- Browning v. CommissionerUnited States Tax Court · 1997
- Pettit v. CommissionerUnited States Tax Court · 1974
25 more not listed; retrieve them via the Exa API.