Kalb v. Commissioner
United States Board of Tax Appeals
1. DATE OF ACQUISITION OF INTEREST IN PROPERTY. - Under the facts in the case at bar and the law of Wisconsin, where the property was situated, held that petitioner acquired his interest in the property in question in January, 1919 (at the death of the grantor), within the meaning of section 292(a)(3) of the Revenue Act of 1921. 2. VALUE OF PROPERTY in January, 1919, determined for purpose of determining gain derived from sale in 1921.
1Opinion of the Court
LOUIS KALB, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kalb v. Commissioner
Docket No. 19422.
United States Board of Tax Appeals
15 B.T.A. 886; 1929 BTA LEXIS 2773;
March 15, 1929, Promulgated
1. DATE OF ACQUISITION OF INTEREST IN PROPERTY. - Under the facts in the case at bar and the law of Wisconsin, where the property was situated, held that petitioner acquired his interest in the property in question in January, 1919 (at the death of the grantor), within the meaning of section 292(a)(3) of the Revenue Act of 1921.
2. VALUE OF PROPERTY in January, 1919, determined for purpose of…
2Cases cited3 opinions
- Benner v. MauerWisconsin Supreme Court · 1907
- Greeney v. GreeneyWisconsin Supreme Court · 1914
- Kalb v. CommissionerUnited States Board of Tax Appeals · 1929