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
STELLA H. MCCONNELL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
McConnell v. Commissioner
Docket No. 43478.
United States Board of Tax Appeals
29 B.T.A. 32; 1933 BTA LEXIS 1013;
September 14, 1933, Promulgated
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…
2Cases cited1 opinion
- McConnell v. CommissionerUnited States Board of Tax Appeals · 1933