Lang v. Commissioner
United States Board of Tax Appeals
Real estate acquired in 1915 by petitioner and her husband as tenants by the entirety was sold by the surviving widow in 1925. Held that the basis for determining gain on the sale is the cost of the property at the time of acquisition.
1Opinion of the Court
*856OPINION.
Arundell :
Petitioner claims that, by reason of the property being held by the entireties, the basis for determining the taxable gain on the sale is the sum of the cost contributed by her ($1,560) and the value of her husband’s interest in it at the time of his death ($35,200) a total of $36,760. Respondent has used as a basis the cost in 1915 in the amount of $13,000.
The question here raised has been decided by the Board adversely to petitioner’s contention in Elizabeth W. Boykin, 16 B. T. A. 477, but that was before Tyler v. United States, 281 U. S. 497, and at a time when the…
2Cases cited6 opinions
- Tyler v. United StatesSupreme Court of the United States · 1930
- Irwin v. GavitSupreme Court of the United States · 1925
- Ades v. CaplinCourt of Appeals of Maryland · 1918
- United States v. Fidelity Trust Co.Supreme Court of the United States · 1911
- McCubbin v. StanfordCourt of Appeals of Maryland · 1897
1 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Lang v. CommissionerSupreme Court of the United States · 1933
- Miriam Coward Pierson v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Kleberg v. CommissionerUnited States Board of Tax Appeals · 1934
- Schiesser v. CommissionerUnited States Board of Tax Appeals · 1933
- Burdick v. CommissionerUnited States Board of Tax Appeals · 1934
8 more not listed; retrieve them via the Exa API.