Boykin v. Commissioner
United States Board of Tax Appeals
Petitioner and her husband acquired property as tenants by the entireties. The busband died and the value of the entire property was included in determining his taxable estate for estate-tax purposes. Petitioner thereafter sold such property. Held that for the purpose of determining taxable gain or loss to her the cost was the purchase price plus additional expenditures for improvement.
1Opinion of the Court
ELIZABETH W. BOYKIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Boykin v. Commissioner
Docket No. 29784.
United States Board of Tax Appeals
16 B.T.A. 477; 1929 BTA LEXIS 2580;
May 10, 1929, Promulgated
Petitioner and her husband acquired property as tenants by the entireties. The busband died and the value of the entire property was included in determining his taxable estate for estate-tax purposes. Petitioner thereafter sold such property. Held that for the purpose of determining taxable gain or loss to her the cost was the purchase price plus additional expenditures for…
2Cases cited1 opinion
- Boykin v. CommissionerUnited States Board of Tax Appeals · 1929