Miller v. Commissioner
United States Board of Tax Appeals
In July, 1922, the petitioner bought an apartment house. At that time he was engaged in practicing law and also in making loans on real estate as a broker. He sold the apartment house in December, 1924, at a profit. Held, the apartment house constituted a capital asset and the profit derived from its sale it taxable as a capital net gain under section 208 of the Revenue Act of 1924.
1Opinion of the Court
PETER A. MILLER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Miller v. Commissioner
Docket No. 31389.
United States Board of Tax Appeals
20 B.T.A. 230; 1930 BTA LEXIS 2172;
July 15, 1930, Promulgated
In July, 1922, the petitioner bought an apartment house. At that time he was engaged in practicing law and also in making loans on real estate as a broker. He sold the apartment house in December, 1924, at a profit. Held, the apartment house constituted a capital asset and the profit derived from its sale it taxable as a capital net gain under section 208 of the Revenue Act of 1924.
R.…
2Cases cited1 opinion
- Miller v. CommissionerUnited States Board of Tax Appeals · 1930