Green v. Commissioner
United States Board of Tax Appeals
Under the facts shown, the action of the Commissioner of Internal Revenue, in holding that the trust estate derived a taxable profit of $114,590 from the sale of trust real estate in 1923, is sustained.
1Opinion of the Court
OPINION.
Lansdon:
The controversy involved in this appeal relates to a deficiency in income tax of $10,742.81, and penalty of $2,685.70, for failure to file a return, which the respondent asserted against the trust estate of Harriet M. Bryant, deceased, for the calendar year 1923.
During her lifetime, Harriet M. Bryant owned real and personal property located in Kansas City, Mo., valued in excess of $1,000,000. Included in such real estate holdings were two improved properties situated in the business center of Kansas City. One was located at the southwest corner of Eleventh and Main Streets;…
2Cases cited1 opinion
- Beam v. HamiltonCourt of Appeals for the Sixth Circuit · 1923
3Cited by3 opinions
- Green v. CommissionerUnited States Board of Tax Appeals · 1931
- Gross v. CommissionerUnited States Board of Tax Appeals · 1936
- Marlborough House, Inc. v. CommissionerUnited States Board of Tax Appeals · 1939