1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 45 T.C.M.
  5. 45 T.C.M. 353 (1982)
 

KELLEY v. COMMISSIONER

Docket No. 5559-81.

45 T.C.M. 353 (1982)

T.C. Memo. 1982-728

Samuel E. Kelley v. Commissioner.

United States Tax Court.

Filed December 20, 1982.

Attorney(s) appearing for the Case

Richard J. Kufta, for the petitioner. Edward D. Fickess, for the respondent.

Memorandum Opinion

HAMBLEN, Judge:

Respondent determined a deficiency of $6,900 in petitioner's 1976 Federal income tax. The issue for decision is whether two sailboats that petitioner purchased in the United States and leased for use in the British Virgin Islands qualify for the investment tax credit under section 38.1

All the facts have been stipulated and are found accordingly.

Petitioner Samuel E. Kelley resided...

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