McConnell v. Commissioner
United States Board of Tax Appeals
1. Held, that in the taxable year the petitioner sold a one -sixth interest in certain real estate and realized profit therefrom as determined by the respondent. 2. Values of two certain parcels of real estate determined as of the date of the acquisition of interest therein by the petitioner. 3. Under the facts the petitioner is not entitled to report profit realized from sale of certain interests in real estate on the installment basis.
1Opinion of the Court
OPINION.
Lansdon:
The respondent has determined a deficiency in income tax for the year 1925 in the amount of $730.16. For her causes of action the petitioner alleges (1) that the Commissioner erroneously determined that she sold any part of a certain parcel of real estate in the taxable year, (2) that if there was such a sale, he has undervalued such property as well as another certain parcel of real estate sold in the same year, as of the date of her acquisition thereof, and (3) that she is entitled to report the profit from one of such sales on the installment basis.
Upon the death of her…
2Cases cited2 opinions
- Batcheller v. CommissionerUnited States Board of Tax Appeals · 1930
- Williams v. CommissionerUnited States Board of Tax Appeals · 1929
3Cited by5 opinions
- Krome v. CommissionerUnited States Tax Court · 1950
- Estate of Larson v. CommissionerUnited States Tax Court · 1944
- Estate of Virginia Evans Devereux v. CommissionerUnited States Tax Court · 1948
- McConnell v. CommissionerUnited States Board of Tax Appeals · 1933
- McIntosh v. CommissionerUnited States Tax Court · 1967