Legal Opinion
John F. Tufts and Mary A. Tufts v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided July 27, 1981No. 79-2258PublishedCited by 15 opinions
1Opinion of the Court
THORNBERRY, Circuit Judge:
In August 1970, John Tufts and the remaining appellants formed a general partnership for the purpose of constructing an apartment complex in Duncanville, Texas. The partnership arranged for a loan of approximately $1.8 million in order to finance construction of the complex. The mortgage note covered the entire cost and provided that neither the partnership nor the partners were personally liable for its repayment. The complex was completed in August 1971. Due to adverse economic conditions in the Duncanville area, the income generated by the complex was never enough…
2Cases cited10 opinions
- Crane v. CommissionerSupreme Court of the United States · 1947
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Estate of Charles T. Franklin, Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1976
- Virginian Hotel Corporation v. Helvering, Commissioner of Internal RevenueSupreme Court of the United States · 1943
- United States v. HendlerSupreme Court of the United States · 1938
5 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Commissioner v. TuftsSupreme Court of the United States · 1983
- Carlson v. CommissionerUnited States Tax Court · 1982
- Long v. CommissionerUnited States Tax Court · 1981
- Alves v. CommissionerUnited States Tax Court · 1982
- Alves v. CommissionerUnited States Tax Court · 1982
10 more not listed; retrieve them via the Exa API.