Demirjian v. Commissioner
United States Tax Court
A and B were the sole stockholders of a corporation which owned and operated certain rental property. The corporation was dissolved and the property distributed to them as "partners trading as Kin-Bro Real Estate Company." They continued to operate the property without interruption. The property was subsequently sold to a public agency pursuant to an involuntary condemnation proceeding.
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A and B were the sole stockholders of a corporation which owned and operated certain rental property. The corporation was dissolved and the property distributed to them as "partners trading as Kin-Bro Real Estate Company." They continued to operate the property without interruption. The property was subsequently sold to a public agency pursuant to an involuntary condemnation proceeding. The net proceeds were divided equally between A and B, and thereafter each individually, at different times and in different amounts, purchased similar property out of a portion of her one-half share of the…
1Opinion of the Court
Mihran and Mabel Demirjian, Petitioners v. Commissioner of Internal Revenue, Respondent; Estate of Anne Demirjian, Deceased, Frank Demirjian, Executor, and Frank Demirjian, Surviving Spouse, Petitioner v. Commissioner of Internal Revenue, Respondent
Demirjian v. Commissioner
Docket Nos. 5565-68, 5569-68
United States Tax Court
54 T.C. 1691; 1970 U.S. Tax Ct. LEXIS 67;
September 1, 1970, Filed
Decisions will be entered for the respondent.
A and B were the sole stockholders of a corporation which owned and operated certain rental property. The corporation was dissolved and the property distributed to…
2Cases cited10 opinions
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- Bornstein v. United StatesUnited States Court of Claims · 1965
- Appleby v. CommissionerUnited States Board of Tax Appeals · 1940
- Commissioner of Internal Rev. v. Appleby's EstateCourt of Appeals for the Second Circuit · 1941
- Gilford v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1953
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