Estate of Nutt v. Comm'r
United States Tax Court
Held: Funds which were community property of a husband and wife living in Arizona retained their character as community property when placed in a joint bank account of the husband and wife where it was the intent of the parties that the funds remain community property and the funds were treated by them as community property.
Read the full summary
Held: Funds which were community property of a husband and wife living in Arizona retained their character as community property when placed in a joint bank account of the husband and wife where it was the intent of the parties that the funds remain community property and the funds were treated by them as community property. Stock in an Arizona corporation one-half of which was registered in the name of the wife and one-half in the name of the husband purchased with funds from this joint bank account, which stock was intended to be and was treated as community property by the husband and…
1Opinion of the Court
Estate of John F. Nutt, Deceased, Eileen M. Nutt and Frances D. Nutt, Executrixes, Petitioner v. Commissioner of Internal Revenue, Respondent; Eileen M. Nutt, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Nutt v. Comm'r
Docket Nos. 77669, 77670
United States Tax Court
52 T.C. 484; 1969 U.S. Tax Ct. LEXIS 108;
June 19, 1969, Filed
Held: Funds which were community property of a husband and wife living in Arizona retained their character as community property when placed in a joint bank account of the husband and wife where it was the intent of the parties that the funds remain…
2Cases cited18 opinions
- In Re the Estate of PoriandaNew York Court of Appeals · 1931
- Baldwin v. BaldwinArizona Supreme Court · 1937
- O'Brien v. BieggerSupreme Court of Iowa · 1943
- Greenwood v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1943
- Nutt v. CommissionerUnited States Tax Court · 1962
13 more not listed; retrieve them via the Exa API.