Eades v. Commissioner
United States Tax Court
Petitioner Floyd H. Eades was self-employed as a fisherman during 1977. He deposited the entire net profit from his fishing business for 1977 into a capital construction fund established pursuant to sec. 607 of the Merchant Marine Act, 1936. Held, petitioner was not entitled to reduce his net earnings from self-employment by the amount deposited into the capital construction fund.
1Opinion of the Court
Floyd H. Eades and Faye Eades, Petitioners v. Commissioner of Internal Revenue, Respondent
Eades v. Commissioner
Docket No. 2093-81
United States Tax Court
79 T.C. 985; 1982 U.S. Tax Ct. LEXIS 8; 79 T.C. No. 62;
December 8, 1982, Filed
Decision will be entered for the respondent.
Petitioner Floyd H. Eades was self-employed as a fisherman during 1977. He deposited the entire net profit from his fishing business for 1977 into a capital construction fund established pursuant to sec. 607 of the Merchant Marine Act, 1936. Held, petitioner was not entitled to reduce his net earnings from self-employment…
2Cases cited8 opinions
- Zuanich v. CommissionerUnited States Tax Court · 1981
- Quick Trust v. CommissionerUnited States Tax Court · 1970
- Curtis T. Busse and Myrtle Busse v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1973
- Busse v. CommissionerUnited States Tax Court · 1972
- Pacific Transport Co. v. CommissionerUnited States Tax Court · 1970
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