Ben F. Parmer and Mildred Helen Parmer v. Commissioner of Internal Revenue

WILLIAM E. DOYLE, Circuit Judge.

This is an appeal from the Tax Court involving the issue of whether the monetary value of crop shares which the taxpayer and his wife, who is also an appellant, received as rents under leases of their farmland and which they donated to a church, which is referred to in the case as Limón Bible, was includable in their gross income for the year in which the crop shares were donated and sold. Limón Bible, the donee, reduced the warehouse receipts to cash, and the taxpayers took the position that this was not includable in their gross income for the year in which…