Bogley v. Commissioner
United States Tax Court
In 1950 petitioners owned and resided in a home located on 13 acres of land. In December of that year they bought a new home and sold their old home, together with the 3 acres surrounding it. In 1951 they sold the remaining 10 acres in 2 transactions. Held, the gain resulting from 1951 sales not entitled to nonrecognition under section 112 (n) (1), I. R. C. 1939, as added to Code by section 318 of the Revenue Act of 1951.
1Opinion of the Court
Samuel E. Bogley and Anita C. Bogley, Petitioners, v. Commissioner of Internal Revenue, Respondent
Bogley v. Commissioner
Docket No. 61193
United States Tax Court
30 T.C. 452; 1958 U.S. Tax Ct. LEXIS 173;
May 29, 1958, Filed
Decision will be entered under Rule 50.
In 1950 petitioners owned and resided in a home located on 13 acres of land. In December of that year they bought a new home and sold their old home, together with the 3 acres surrounding it. In 1951 they sold the remaining 10 acres in 2 transactions. Held, the gain resulting from 1951 sales not entitled to nonrecognition under section 112…
Also in this document: Dissent.
2Cases cited1 opinion
- Bogley v. CommissionerUnited States Tax Court · 1958