Boyd v. Commissioner
United States Tax Court
Held, the owner of a one-half interest in income-producing realty is entitled to deduct only one-half of the amount paid by him for necessary repairs on the property during the taxable year, since he is entitled to reimbursement from the co-owner of the property for any payments in excess of one-half.
1Opinion of the Court
OPINION.
Mulroney, Judge:
Respondent determined deficiencies in income taxes of Elmer B. Boyd for the taxable years 1949 and 1950 in the amounts of $1,878.43 and $2,691.17, respectively. Subsequent to the issuance of the notice of deficiency, but before the filing of the petition in this case, Elmer B. Boyd agreed to a part of the deficiencies in amounts of $654.72 for the year 1949 and $2,056.81 for the year 1950 and said sums were paid, thus leaving at issue in this proceeding respondent’s determination of tax deficiency for the year 1949 in the sum of $1,223.71 and for the year 1950, the sum…
2Cases cited8 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Trust Under the Will of Bingham v. CommissionerSupreme Court of the United States · 1945
- Universal Oil Products Co. v. Campbell (United States, Intervenor) (Two Cases)Court of Appeals for the Seventh Circuit · 1950
- Glendinning, McLeish & Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
- Seidler v. CommissionerUnited States Tax Court · 1952
3 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Horne v. CommissionerUnited States Tax Court · 1972
- Cole v. CommissionerUnited States Tax Court · 1958
- Electric Tachometer Corp. v. CommissionerUnited States Tax Court · 1961
- Gustave T. Swoboda and Emily L. Swoboda, Husband and Wife v. United StatesCourt of Appeals for the Third Circuit · 1958
- Cunningham v. CommissionerUnited States Tax Court · 1962
7 more not listed; retrieve them via the Exa API.