Steinert v. Commissioner
United States Tax Court
1. Held, petitioner had a life estate in certain Massachusetts properties and is entitled to deductions for real estate taxes paid by her in respect of those properties notwithstanding that legal title was in a bank and the taxes were formally assessed in the name of the bank. 2. Deduction for hurricane damages in respect of one of such properties, presently claimed by petitioner, held allowable.
1Opinion of the Court
OPINION.
Raum, Judge:
The respondent determined deficiencies in the income tax of petitioner as follows:
Taxable year Deficiency
1954 _$2,774.36
1955 _ 1,775.82
1956 _ 1,857.19. We are required to decide whether petitioner is entitled to deduct certain real estate taxes paid by her during each of the 3 years and whether she is entitled to a deduction for a casualty loss in 1954 by reason of hurricane damage to a summer residence. All of the facts have been stipulated.
1. Petitioner, a resident of Boston, Massachusetts, filed her income tax returns for the years 1954 to 1956, inclusive, with the…
2Cases cited4 opinions
- Tinkham v. WindMassachusetts Supreme Judicial Court · 1946
- Horsford v. CommissionerUnited States Tax Court · 1943
- Estate of Movius v. CommissionerUnited States Tax Court · 1954
- Bliss v. CommissionerUnited States Tax Court · 1957
3Cited by11 opinions
- Cornelius v. CommissionerUnited States Tax Court · 1971
- Carloate Industries, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1966
- James E. Cox and Christine D. Cox v. United StatesCourt of Appeals for the Ninth Circuit · 1976
- Marcus v. CommissionerUnited States Tax Court · 1988
- Batson v. CommissionerUnited States Tax Court · 1982
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