Sneed v. Commissioner
United States Board of Tax Appeals
1. Prior to his marriage petitioner's brother conveyed to him an interest in their father's estate, and thereafter petitioner asserted claim thereto in partition proceedings and upon distribution of the estate received certain real estate.
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1. Prior to his marriage petitioner's brother conveyed to him an interest in their father's estate, and thereafter petitioner asserted claim thereto in partition proceedings and upon distribution of the estate received certain real estate. But conveyance was made to petitioner under agreement that the lands were not to be his until he paid fo them; that, until petitioner made payment, the brother might convey to another; and that the purpose of the conveyance was to put title in petitioner so that a loan could be obtained on the property and the brother's debts discharged. Thereafter,…
1Opinion of the Court
J. T. SNEED, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Sneed v. Commissioner
Docket No. 45694.
United States Board of Tax Appeals
30 B.T.A. 1121; 1934 BTA LEXIS 1222;
June 29, 1934, Promulgated
1. Prior to his marriage petitioner's brother conveyed to him an interest in their father's estate, and thereafter petitioner asserted claim thereto in partition proceedings and upon distribution of the estate received certain real estate. But conveyance was made to petitioner under agreement that the lands were not to be his until he paid fo them; that, until petitioner made payment,…
2Cases cited24 opinions
- R. H. Stearns Co. v. United StatesSupreme Court of the United States · 1934
- Arnold v. LeonardTexas Supreme Court · 1925
- Murphy Oil Co. v. BurnetSupreme Court of the United States · 1932
- Caruthers v. LeonardTexas Commission of Appeals · 1923
- Creamer v. BriscoeTexas Supreme Court · 1908
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