Moore v. Commissioner
United States Tax Court
Held: On the record presented, petitioners have failed to establish the adjusted basis as to any of the five tracts sold by them in 1954 and 1955. Held further: The two sales of jointly owned property, one on December 17, 1954, and one on November 18, 1955, gave rise to taxable gains in those years. Held further: Additions to tax under section 294(d)(1)(A) of the Internal Revenue Code of 1939 sustained.
1Opinion of the Court
Carl C. Moore and Marion Moore v. Commissioner. C. Price Cooper and Corene Cooper v. Commissioner.
Moore v. Commissioner
Docket Nos. 74175, 74176.
United States Tax Court
T.C. Memo 1961-221; 1961 Tax Ct. Memo LEXIS 133; 20 T.C.M. (CCH) 1083; T.C.M. (RIA) 61221;
July 31, 1961
Held: On the record presented, petitioners have failed to establish the adjusted basis as to any of the five tracts sold by them in 1954 and 1955.
Held further: The two sales of jointly owned property, one on December 17, 1954, and one on November 18, 1955, gave rise to taxable gains in those years.
Held further: Additions to tax…
2Cases cited14 opinions
- Burnet v. HoustonSupreme Court of the United States · 1931
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Thrift v. CommissionerUnited States Tax Court · 1950
- The Crosley Corporation v. United StatesCourt of Appeals for the Sixth Circuit · 1956
- Briarly v. CommissionerUnited States Board of Tax Appeals · 1933
9 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Jones v. CommissionerUnited States Tax Court · 1973
- Jones v. CommissionerUnited States Tax Court · 1973