Legal Opinion
John C. Beck and Kathleen Beck v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided June 2, 1982No. 81-7053PublishedCited by 56 opinions
1Opinion of the Court
ALARCON, Circuit Judge:
John C. and Kathleen Beck (“Taxpayers”) were limited partners in two California partnerships — Moreno Company Two (“Moreno 2”) and Riverside Two (“Riverside 2”) — formed for the purpose of purchasing commercial real estate. 1 Taxpayers contributed a total of $23,085 to these partnerships and the following year sought to deduct claimed losses totaling $92,554 arising from their share of prepaid interest and loan points allegedly paid by the two part nerships under I.R.C. § 163(a). 2 The Commissioner disallowed the deductions and assessed Taxpayers with a deficiency of…
2Cases cited5 opinions
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Estate of Charles T. Franklin, Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1976
- Audrey M. Thompson, Florence Ain & Gregory Ain, Dorothy E. Kahan & Robert Kahan, Nana Berman & William Berman v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
- Beck v. Comm'rUnited States Tax Court · 1980
- Geneva Drive in Theatre, Inc. Las Vegas Theatrical Corp. Concord Theatre Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
3Cited by56 opinions
- George v. Zmuda and Walburga Zmuda v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1984
- Flowers v. CommissionerUnited States Tax Court · 1983
- Fox v. CommissionerUnited States Tax Court · 1983
- Foster v. Comm'rUnited States Tax Court · 1983
- Waddell v. CommissionerUnited States Tax Court · 1986
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