Deinert v. Commissioner
United States Board of Tax Appeals
1. Petitioner made an oral gift of land to his son. Soon thereafter and before the donee entered into possession the tract was sold. Held, that under the law of the State of Nebraska petitioner was owner of the land on the date of sale and that profit derived therefrom was properly included in his gross income for the taxable year. 2. In August, 1918, petitioner made an oral gift of land to certain of his children.
Read the full summary
1. Petitioner made an oral gift of land to his son. Soon thereafter and before the donee entered into possession the tract was sold. Held, that under the law of the State of Nebraska petitioner was owner of the land on the date of sale and that profit derived therefrom was properly included in his gross income for the taxable year. 2. In August, 1918, petitioner made an oral gift of land to certain of his children. On June 23, 1919, a contract of sale was entered into between petitioner and a third party. On January 3, 1920, a deed was executed by petitioner and delivered to his children. In…
1Opinion of the Court
OSCAR DEINERT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
OSCAR DEINERT, SR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Deinert v. Commissioner
Docket Nos. 6526, 6937.
United States Board of Tax Appeals
11 B.T.A. 651; 1928 BTA LEXIS 3745;
April 18, 1928, Promulgated
1. Petitioner made an oral gift of land to his son. Soon thereafter and before the donee entered into possession the tract was sold. Held, that under the law of the State of Nebraska petitioner was owner of the land on the date of sale and that profit derived therefrom was properly included in his…
2Cases cited1 opinion
- Deinert v. CommissionerUnited States Board of Tax Appeals · 1928