Rolfe v. Commissioner
United States Board of Tax Appeals
1. ESTATE TAX - DEDUCTION FOR PROPERTY PREVIOUSLY TAXED WITHIN FIVE YEARS. - Certain Liberty bonds of the par value of $25,200 acquired by the present decedent with funds resulting from the sale of United States Steel preferred received from a prior decedent within five years identified as property previously taxed and allowed as a deduction from the gross estate of the present decedent. 2. Id. - Cash in the amount of $34,706.71, received by the present decedent from a prior…
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1. ESTATE TAX - DEDUCTION FOR PROPERTY PREVIOUSLY TAXED WITHIN FIVE YEARS. - Certain Liberty bonds of the par value of $25,200 acquired by the present decedent with funds resulting from the sale of United States Steel preferred received from a prior decedent within five years identified as property previously taxed and allowed as a deduction from the gross estate of the present decedent. 2. Id. - Cash in the amount of $34,706.71, received by the present decedent from a prior decedent within five years and invested by the present decedent in the capital of a mercantile business conducted by…
1Opinion of the Court
WILLARD G. ROLFE, EXECUTOR, ESTATE OF CHARLES R. NOYES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Rolfe v. Commissioner
Docket No. 18486.
United States Board of Tax Appeals
16 B.T.A. 519; 1929 BTA LEXIS 2573;
May 13, 1929, Promulgated
1. ESTATE TAX - DEDUCTION FOR PROPERTY PREVIOUSLY TAXED WITHIN FIVE YEARS. - Certain Liberty bonds of the par value of $25,200 acquired by the present decedent with funds resulting from the sale of United States Steel preferred received from a prior decedent within five years identified as property previously taxed and allowed as a deduction from…
2Cases cited9 opinions
- Bingham v. CommissionerUnited States Board of Tax Appeals · 1929
- Rodenbough v. CommissionerUnited States Board of Tax Appeals · 1925
- Ankeny v. CommissionerUnited States Board of Tax Appeals · 1928
- Seaboard Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1928
- Appeal of Burkitt EstateUnited States Board of Tax Appeals · 1926
4 more not listed; retrieve them via the Exa API.