Kenroy, Inc. v. Commissioner
United States Tax Court
K was engaged in the developing of real estate and the providing of real estate services. During 1971, T, G, and I, the principal shareholders of K, decided to develop a parcel of vacant land for their own account. In December 1971, while the purchase was being closed, T, G, and I decided that K should also participate in the development.
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K was engaged in the developing of real estate and the providing of real estate services. During 1971, T, G, and I, the principal shareholders of K, decided to develop a parcel of vacant land for their own account. In December 1971, while the purchase was being closed, T, G, and I decided that K should also participate in the development. They also decided that part of the property should be developed with an office building and that the remainder should be developed with a hotel. On January 3, 1972, RMOC, a limited partnership, was formed to develop the office building acreage, and K…
1Opinion of the Court
KENROY, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Kenroy, Inc. v. Commissioner
Docket Nos. 10094-74, 10011-75.
United States Tax Court
T.C. Memo 1984-232; 1984 Tax Ct. Memo LEXIS 443; 47 T.C.M. (CCH) 1749; T.C.M. (RIA) 84232;
April 30, 1984.
K was engaged in the developing of real estate and the providing of real estate services. During 1971, T, G, and I, the principal shareholders of K, decided to develop a parcel of vacant land for their own account. In December 1971, while the purchase was being closed, T, G, and I decided that K should also participate in the development.…
2Cases cited21 opinions
- Bixby v. CommissionerUnited States Tax Court · 1972
- Kaplan v. CommissionerUnited States Tax Court · 1965
- H. O. Williams and Mrs. Ada L. Williams v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- Lorenzo Alvary v. United StatesCourt of Appeals for the Second Circuit · 1962
- Diamond v. CommissionerUnited States Tax Court · 1971
16 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- William G. Campbell Norma T. Campbell v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1991