Boyd v. Commissioner
United States Tax Court
Held, the owner of a one-half interest in income-producing realty is entitled to deduct only one-half of the amount paid by him for necessary repairs on the property during the taxable year, since he is entitled to reimbursement from the co-owner of the property for any payments in excess of one-half.
1Opinion of the Court
Estate of Elmer B. Boyd, Deceased, City Bank Farmers Trust Co., and Ruth O'Day Ridder, Executors, Petitioner, v. Commissioner of Internal Revenue, Respondent
Boyd v. Commissioner
Docket No. 56165
United States Tax Court
28 T.C. 564; 1957 U.S. Tax Ct. LEXIS 163;
May 31, 1957, Filed
Decision will be entered for the respondent.
Held, the owner of a one-half interest in income-producing realty is entitled to deduct only one-half of the amount paid by him for necessary repairs on the property during the taxable year, since he is entitled to reimbursement from the co-owner of the property for any payments…
2Cases cited9 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Trust Under the Will of Bingham v. CommissionerSupreme Court of the United States · 1945
- Universal Oil Products Co. v. Campbell (United States, Intervenor) (Two Cases)Court of Appeals for the Seventh Circuit · 1950
- Glendinning, McLeish & Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
- Seidler v. CommissionerUnited States Tax Court · 1952
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