Winter Holding Corp. v. Commissioner
United States Board of Tax Appeals
The property in question having been held for investment, no loss is to be recognized on its exchange for another property, together with cash paid by petitioner and a purchase money mortgage assumed by it.
1Opinion of the Court
WINTER HOLDING CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Winter Holding Corp. v. Commissioner
Docket No. 63144.
United States Board of Tax Appeals
31 B.T.A. 1185; 1935 BTA LEXIS 1012;
January 31, 1935, Promulgated
The property in question having been held for investment, no loss is to be recognized on its exchange for another property, together with cash paid by petitioner and a purchase money mortgage assumed by it.
R.M. O'Hara, Esq., for the petitioner.
F.M. Thompson, Jr., for the respondent.
VAN FOSSAN
OPINION.
VAN FOSSAN: The respondent determined that the petitioner…
2Cases cited1 opinion
- Winter Holding Corp. v. CommissionerUnited States Board of Tax Appeals · 1935