Memorandum Findings of Fact and Opinion
DRENNEN, Judge:
Respondent determined a deficiency in petitioner's income tax for 1967 in the amount of $40,321.44. At issue is the amount of gain petitioner must report for tax purposes for 1967 incident to the sale in that year by her wholly owned corporation of an apartment house, followed by the liquidation of the corporation. Petitioner reported as long-term capital gain on the installment method the amount of...
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.