Edwards v. Commissioner
United States Tax Court
Transaction between husband and wife terminating their interests in community property by a settlement agreement embodied in a divorce decree was tantamount to a sale by the wife of her interest in certain community assets upon which a gain was realized, rather than a mere partition or division of community property. C. C. Rouse, 6 T. C. 908, followed. Frances R. Walz, Administratrix, 32 B. T. A. 718, distinguished.
1Opinion of the Court
Jessie Lee Edwards, Petitioner, v. Commissioner of Internal Revenue, Respondent
Edwards v. Commissioner
Docket No. 38029
United States Tax Court
22 T.C. 65; 1954 U.S. Tax Ct. LEXIS 240;
April 16, 1954, Filed April 16, 1954, Filed
Decision will be entered for the respondent.
Transaction between husband and wife terminating their interests in community property by a settlement agreement embodied in a divorce decree was tantamount to a sale by the wife of her interest in certain community assets upon which a gain was realized, rather than a mere partition or division of community property. C. C. Rouse,…
2Cases cited2 opinions
- Rouse v. CommissionerUnited States Tax Court · 1946
- Edwards v. CommissionerUnited States Tax Court · 1954