McBride v. Commissioner (A)
United States Tax Court
In 1956, petitioner, a physician, inherited a building which he used as a combination office and residence until October 1961, when he moved his family from the building and, in consideration of services to be performed, rented the residential portion of the building to another physician until June 1962. In February 1963, the building was demolished and a new office building erected.
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In 1956, petitioner, a physician, inherited a building which he used as a combination office and residence until October 1961, when he moved his family from the building and, in consideration of services to be performed, rented the residential portion of the building to another physician until June 1962. In February 1963, the building was demolished and a new office building erected. Held, on the facts, in October 1961, petitioner entered into a transaction for profit as to the residential portion of the building and at that time did not intend to demolish it; loss deduction allowed under…
1Opinion of the Court
Andrew F. McBride, Jr., and Eugenia L. McBride, Petitioner v. Commissioner of Internal Revenue, Respondent
McBride v. Commissioner (A)
Docket No. 6044-66
United States Tax Court
50 T.C. 1; 1968 U.S. Tax Ct. LEXIS 153;
April 3, 1968, Filed
Decision will be entered under Rule 50.
In 1956, petitioner, a physician, inherited a building which he used as a combination office and residence until October 1961, when he moved his family from the building and, in consideration of services to be performed, rented the residential portion of the building to another physician until June 1962. In February 1963, the…
2Cases cited14 opinions
- Heiner v. TindleSupreme Court of the United States · 1928
- Chesbro v. CommissionerUnited States Tax Court · 1953
- Leslie v. CommissionerUnited States Tax Court · 1946
- Horrmann v. CommissionerUnited States Tax Court · 1951
- Campbell v. CommissionerUnited States Tax Court · 1945
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