Cooley v. Commissioner
United States Tax Court
In 1952, petitioner purchased certain automobiles from General Motors subject to the specific condition that he donate them to the United Jewish Appeal. Held, that inasmuch as these automobiles were never available for resale by petitioner, his charitable deduction should be limited to the amount he paid for them. Sec. 23(o), I.R.C. 1939.
1Opinion of the Court
Jacob J. Cooley, Petitioner, v. Commissioner of Internal Revenue, Respondent
Cooley v. Commissioner
Docket No. 68893
United States Tax Court
1959 U.S. Tax Ct. LEXIS 46; 33 T.C. 223;
November 6, 1959, Filed
Decision will be entered for the respondent.
In 1952, petitioner purchased certain automobiles from General Motors subject to the specific condition that he donate them to the United Jewish Appeal. Held, that inasmuch as these automobiles were never available for resale by petitioner, his charitable deduction should be limited to the amount he paid for them. Sec. 23(o), I.R.C. 1939.
T. Holmes…
2Cases cited1 opinion
- Cooley v. CommissionerUnited States Tax Court · 1959