1. Home
  2. Browse Decisions
  3. T.C.
  4. 66 T.C.
  5. 66 T.C. 718 (1976)
 

NOELL v. COMMISSIONER

Docket No. 925-73.

66 T.C. 718 (1976)

MILTON J. NOELL AND ADELAIDE NOELL, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed July 19, 1976.

Attorney(s) appearing for the Case

Clinton J. Wofford, Jr., for the petitioners.

James R. Turton, for the respondent.

WILBUR, Judge:

Respondent has determined a deficiency in petitioners' Federal income tax for the taxable year 1968 in the amount of $10,927.81.

Several issues have been settled by the parties and the following issues remain for our decision:

(1) Petitioners' basis in a 15.987-acre tract of land sold in 1968.

(2) Whether the petitioners' basis in a main airport runway and two adjacent taxiways should be added to the basis of 68 subdivided...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases