Williford v. Commissioner

GRAHAM D. WILLIFORD, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Williford v. Commissioner

Docket No. 26613-89

United States Tax Court

T.C. Memo 1992-450; 1992 Tax Ct. Memo LEXIS 470; 64 T.C.M. (CCH) 422;

August 10, 1992, Filed

Decision will be entered under Rule 155.

For Petitioner: Arthur R. Snyder.

For Respondent: Martin M. Van Brauman and Mark B. Barta.

COLVIN

COLVIN

MEMORANDUM FINDINGS OF FACT AND OPINION

COLVIN, Judge: The primary issues in this case are whether petitioner held certain paintings for sale to customers, the fair market value of a frieze contributed by petitioner, and…