Reed v. Commissioner
United States Tax Court
Held: Petitioners' theft loss deduction determined; deduction for "lost use" of funds and loss of anticipated income denied; and petitioners' deduction for attorney fees paid in connection with grand jury investigation allowed.
1Opinion of the Court
EDGAR REED II AND MARY JANE REED, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Reed v. Commissioner
Docket No. 8706-83.
United States Tax Court
T.C. Memo 1986-213; 1986 Tax Ct. Memo LEXIS 399; 51 T.C.M. (CCH) 1078; T.C.M. (RIA) 86213;
May 27, 1986.
Held: Petitioners' theft loss deduction determined; deduction for "lost use" of funds and loss of anticipated income denied; and petitioners' deduction for attorney fees paid in connection with grand jury investigation allowed.
Edgar Reed II, pro se.
Albert A. Balboni, for the respondent.
WHITAKER
MEMORANDUM OPINION
WHITAKER, Judge: Respondent…
2Cases cited20 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- United States v. GilmoreSupreme Court of the United States · 1963
- Kornhauser v. United StatesSupreme Court of the United States · 1928
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