Kenneth L. Nordtvedt v. Commissioner

116 T.C. No. 13

UNITED STATES TAX COURT KENNETH L. NORDTVEDT, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 670-99. Filed March 13, 2001. P adjusted the basis in his retirement annuity by an inflation factor, to take account of inflation between the date of his contributions to the retirement plan and the annuity starting date, for purposes of calculating the amount of his pension annuity subject to Federal income tax. P further adjusted the basis in his retirement annuity to account for expected inflation over his actuarial life for purposes of calculating the amount…