Legal Opinion
Supplee v. Magruder
District Court, D. Maryland
Decided January 24, 1941No. 512PublishedCited by 3 opinions
1Opinion of the Court
CHESNUT, District Judge.
This personal federal income tax case involves a comparatively small sum of money, but is of particular practical interest to dealers in real estate. The question involved is whether a purchaser of real estate, who has adjusted the taxes on the property pursuant to the contract of sale, and afterwards pays the whole year’s taxes, can properly deduct in his federal income tax return for the year the proportion of the taxes for that year which was allocated to him in the adjustment. It probably will be a surprise to many dealers in real estate to learn that it is the…
2Cases cited13 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Helvering v. Missouri State Life Ins. Co.Court of Appeals for the Eighth Circuit · 1934
- John Hancock Mut. Life Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Merchants Bank Bldg. Co. v. HelveringCourt of Appeals for the Eighth Circuit · 1936
- Walsh-McGuire Co. v. Commissioner of Internal Rev.Court of Appeals for the Sixth Circuit · 1938
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3Cited by3 opinions
- Magruder v. SuppleeSupreme Court of the United States · 1942
- United States v. Certain Parcels of Land in City of BaltimoreDistrict Court, D. Maryland · 1945
- Magruder v. SuppleeCourt of Appeals for the Fourth Circuit · 1941