Legal Opinion
James W. and Laura L. Keith v. Commissioner
United States Tax Court
Decided December 28, 2000No. 11426-98Unknown
1Opinion of the Court
115 T.C. No. 42
UNITED STATES TAX COURT JAMES W. AND LAURA L. KEITH, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 11426-98. Filed December 28, 2000. Prior to and during the years in issue, GIA, a proprietorship owned by P wife, sold residential real property by means of contracts for deed. Under these agreements, the buyers obtained possession; assumed responsibility for taxes, insurance, and maintenance; and became obligated to make monthly payments, with interest, of the purchase price. A warranty deed would be delivered to the buyers by GIA only upon full payment,…
2Cases cited28 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- United States v. National Bank of CommerceSupreme Court of the United States · 1985
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Grodt & McKay Realty, Inc. v. CommissionerUnited States Tax Court · 1981
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
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