Schiesser v. Commissioner
United States Board of Tax Appeals
Where a surviving wife sold during 1927 two parcels of real estate which she and her deceased husband acquired in 1899 and in 1916, as tenants by entireties, held, the basis for determining gain or loss is the fair market value as of March 1, 1913, of that acquired in 1899 (it being greater than cost) and the cost of that acquired in 1916; held, further, the date of the death of the deceased husband is not the basic date in such determination.
1Opinion of the Court
EDWARD V. SCHIESSER, EXECUTOR, ESTATE OF CECELIA E. TAHENY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Schiesser v. Commissioner
Docket No. 51523.
United States Board of Tax Appeals
28 B.T.A. 640; 1933 BTA LEXIS 1087;
July 11, 1933, Promulgated
Where a surviving wife sold during 1927 two parcels of real estate which she and her deceased husband acquired in 1899 and in 1916, as tenants by entireties, held, the basis for determining gain or loss is the fair market value as of March 1, 1913, of that acquired in 1899 (it being greater than cost) and the cost of that acquired in 1916;…
2Cases cited5 opinions
- Crooks v. HarrelsonSupreme Court of the United States · 1930
- Tyler v. United StatesSupreme Court of the United States · 1930
- Lang v. CommissionerSupreme Court of the United States · 1933
- Lang v. CommissionerUnited States Board of Tax Appeals · 1931
- Schiesser v. CommissionerUnited States Board of Tax Appeals · 1933