Tricou v. Commissioner
United States Board of Tax Appeals
1. The petitioner, with her husband, owned large property interests under the community property laws of the State of Texas, consisting mostly of stocks and bonds in corporations, and, upon her husband's death in 1921, inherited all of his interest in such property and continued the management and control of such property interests as nearly as possible as it was carried on in his lifetime, and through the failure of one of the associations in which she was interested,…
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1. The petitioner, with her husband, owned large property interests under the community property laws of the State of Texas, consisting mostly of stocks and bonds in corporations, and, upon her husband's death in 1921, inherited all of his interest in such property and continued the management and control of such property interests as nearly as possible as it was carried on in his lifetime, and through the failure of one of the associations in which she was interested, sustained a loss in 1922. Held, that such loss was an investment loss and not a loss incurred by petitioner in operating a…
1Opinion of the Court
SALLIE STRICKLAND TRICOU, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Tricou v. Commissioner
Docket Nos. 28093, 40258.
United States Board of Tax Appeals
25 B.T.A. 713; 1932 BTA LEXIS 1487;
February 29, 1932, Promulgated
1. The petitioner, with her husband, owned large property interests under the community property laws of the State of Texas, consisting mostly of stocks and bonds in corporations, and, upon her husband's death in 1921, inherited all of his interest in such property and continued the management and control of such property interests as nearly as possible as it was…
2Cases cited1 opinion
- Tricou v. CommissionerUnited States Board of Tax Appeals · 1932