Edwards v. Commissioner
United States Tax Court
Petitioners were engaged in the business of breeding and raising mink for the purpose of selling their pelts. The business required the development of a breeding herd in order to obtain improved strains of mink. It was necessary to cull certain breeders from the herd, and to replace them, each year.
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Petitioners were engaged in the business of breeding and raising mink for the purpose of selling their pelts. The business required the development of a breeding herd in order to obtain improved strains of mink. It was necessary to cull certain breeders from the herd, and to replace them, each year. The culled breeders were maintained in separate pens, as were the other mink that were to be pelted, until about the first of December, when their fur was in prime condition, at which time they were killed and pelted. The culled pelts were disposed of in the same manner as pelts taken from mink…
1Opinion of the Court
Ben Edwards and Evelyn Edwards, Petitioners, v. Commissioner of Internal Revenue, Respondent. Vernon Worden and Hilma Worden, Petitioners, v. Commissioner of Internal Revenue, Respondent. Carl W. Schmidt and Verna Schmidt, Petitioners, v. Commissioner of Internal Revenue, Respondent
Edwards v. Commissioner
Docket Nos. 66094, 68307, 68661
United States Tax Court
32 T.C. 751; 1959 U.S. Tax Ct. LEXIS 141;
June 18, 1959, Filed
Decision will be entered under Rule 50.
Petitioners were engaged in the business of breeding and raising mink for the purpose of selling their pelts. The business required the…
2Cases cited8 opinions
- United States v. Bennett (Two Cases). Finch v. Arnold, Acting Collector of Internal Revenue (Two Cases). Birkbeck v. Thomas. Ritchie v. ThomasCourt of Appeals for the Fifth Circuit · 1951
- Fawn Lake Ranch Co. v. Comm'rUnited States Tax Court · 1949
- Emerson v. CommissionerUnited States Tax Court · 1949
- A. Benetti Novelty Co. v. CommissionerUnited States Tax Court · 1949
- Edwards v. CommissionerUnited States Tax Court · 1959
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