John Glackner Realty Corp. v. Commissioner
United States Board of Tax Appeals
The petitioner on January 17, 1919, acquired four properties, each consisting of land and buildings, for which it gave all of its capital stock without allocating any shares to any one of the properties. The market value of two of the properties on the above date determined herein for the purpose of computing the gain derived upon their sale in 1921 and the allowable depreciation in 1920 and 1921.
1Opinion of the Court
JOHN GLACKNER REALTY CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT
John Glackner Realty Corp. v. Commissioner
Docket No. 10338.
United States Board of Tax Appeals
11 B.T.A. 151; 1928 BTA LEXIS 3863;
March 22, 1928, Promulgated
The petitioner on January 17, 1919, acquired four properties, each consisting of land and buildings, for which it gave all of its capital stock without allocating any shares to any one of the properties. The market value of two of the properties on the above date determined herein for the purpose of computing the gain derived upon their sale in 1921…
2Cases cited1 opinion
- John Glackner Realty Corp. v. CommissionerUnited States Board of Tax Appeals · 1928