1. Home
  2. Browse Decisions
  3. T.C.
  4. 77 T.C.
  5. 77 T.C. 246 (1981)
 

TODD v. COMMISSIONER

Docket No. 11212-79.

77 T.C. 246 (1981)

MALCOLM C. TODD AND RUTH S. TODD, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 10, 1981.

Attorney(s) appearing for the Case

Ernest W. Pitney, for the petitioners.

Karl D. Zufelt, for the respondent.

WILES, Judge:

Respondent determined a deficiency of $24,238 in petitioners' 1972 income tax. The sole issue for decision is whether an abandonment loss incurred by petitioners in 1975 was attributable to a trade or business within the meaning of section 172(d)(4).1

FINDINGS OF FACT

All of the facts have been stipulated and are found accordingly.

Malcolm C. Todd (hereinafter petitioner) and Ruth S. Todd...

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