Legal Opinion
Lake Gerar Development Co. v. Commissioner
United States Tax Court
Decided February 20, 1979No. Docket Nos. 6940-75, 1094-76, 1095-76, 4188-76, 4189-76Published
Held, interest received on a purchase money mortgage is interest for personal holding company income purposes.
1Opinion of the Court
Lake Gerar Development Company, Successor to Henlopen Hotel Corporation, et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Lake Gerar Development Co. v. Commissioner
Docket Nos. 6940-75, 1094-76, 1095-76, 4188-76, 4189-76
United States Tax Court
71 T.C. 887; 1979 U.S. Tax Ct. LEXIS 171;
February 20, 1979, Filed
Decision will be entered for the respondent in docket No. 6940-75.
Decision will be entered for the petitioners in docket No. 1095-76.
Decisions will be entered under Rule 155 in docket Nos. 1094-76, 4188-76, and 4189-76.
Held, interest received on a purchase money mortgage…
2Cases cited5 opinions
- Davenport v. CommissionerUnited States Tax Court · 1978
- O'Sullivan Rubber Co. v. CommissionerUnited States Board of Tax Appeals · 1940
- Bell Realty Trust v. CommissionerUnited States Tax Court · 1976
- Lake Gerar Development Co. v. CommissionerUnited States Tax Court · 1979
- West End Co. v. CommissionerUnited States Tax Court · 1955