Goldman v. Commissioner
United States Tax Court
Petitioner contributed bound volumes of various medical journals to a hospital and also purchased raffle tickets from various charitable organizations. Held, the fair market value of the bound volumes determined to be no more than $ 415.50; held, further, petitioner is not entitled to a charitable deduction under section 170, I.R.C. of 1954, for the cost of the raffle tickets.
1Opinion of the Court
MulRoney, Judge:
Respondent determined a deficiency in petitioners’ 1961 income tax in the amount of $793.39.
The issues are whether petitioners are entitled to a deduction of $1,500 as a charitable contribution which consisted of bound copies of medical journals Douglas 'Goldman, who will be referred to as petitioner, contributed to a hospital, and whether they are entitled to a deduction of $71 'as charitable contributions for various amounts petitioner paid to four charitable organizations where he received raffle tickets entitling him in each instance to drawings for valuable prizes.
FINDINGS…
2Cited by36 opinions
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