Memorandum Opinion
WITHEY, Judge:
The respondent determined deficiencies in income tax for the taxable years 1958 and 1959 in the amounts of $2,368.23 and $2,240.22, respectively. The issue presented is whether petitioners may properly deduct from their gross income purported rental payments made to four trusts.
All of the facts have been stipulated and are so found.
Petitioners are individuals residing in Jefferson County, Kentucky. They...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.