Bishop v. Commissioner
United States Tax Court
Held, that one-half of the loss sustained upon the sale, in the course of administration, of securities acquired since 1927 and owned as community property in California is not deductible in the return of the surviving spouse. Commissioner v. Larson, 131 Fed. (2d) 85; Estate of James F. Waters, 3 T. C. 407, followed.
1Opinion of the Court
Stella Wheeler Bishop, Petitioner, v. Commissioner of Internal Revenue, Respondent
Bishop v. Commissioner
Docket No. 4594
United States Tax Court
4 T.C. 588; 1945 U.S. Tax Ct. LEXIS 252;
January 16, 1945, Promulgated
Decision will be entered under Rule 50.
Held, that one-half of the loss sustained upon the sale, in the course of administration, of securities acquired since 1927 and owned as community property in California is not deductible in the return of the surviving spouse. Commissioner v. Larson, 131 Fed. (2d) 85; Estate of James F. Waters, 3 T. C. 407, followed.
Robert H. Walker, Esq., for the…
Also in this document: Dissent.
2Cases cited2 opinions
- Bishop v. CommissionerUnited States Tax Court · 1945
- Waters v. CommissionerUnited States Tax Court · 1944