Archbald v. Commissioner
United States Board of Tax Appeals
1. Upon a sale by a partnership of property contributed by a partner at the time of organization at its then value, which was greater than the partner's cost or other basis, for a price greater than the value when contributed, the basis for computing the gain of the partnership is such value; and neither the individual partner's distributive share of partnership income nor his other income may include as gain the earlier increment. 2. Upon the organization of a partnership,…
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1. Upon a sale by a partnership of property contributed by a partner at the time of organization at its then value, which was greater than the partner's cost or other basis, for a price greater than the value when contributed, the basis for computing the gain of the partnership is such value; and neither the individual partner's distributive share of partnership income nor his other income may include as gain the earlier increment. 2. Upon the organization of a partnership, the contribution by an individual partner of property having a value greater than its cost or other basis to him is not…
1Opinion of the Court
EDWARD B. ARCHBALD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
JOSEPH A. ARCHBALD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
EMILY A. GALE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
JOSEPH A. ARCHBALD, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Archbald v. Commissioner
Docket Nos. 61660, 61661, 61672, 61673, 65062-65064.
United States Board of Tax Appeals
27 B.T.A. 837; 1933 BTA LEXIS 1295;
February 28, 1933, Promulgated
1. Upon a sale by a partnership of property contributed by a partner at the time of organization at its…
2Cases cited18 opinions
- New York Trust Co. v. EisnerSupreme Court of the United States · 1921
- Burk-Waggoner Oil Assn. v. HopkinsSupreme Court of the United States · 1925
- Blodgett v. SilbermanSupreme Court of the United States · 1928
- Taft v. BowersSupreme Court of the United States · 1929
- Costello v. . CostelloNew York Court of Appeals · 1913
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