1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 52 T.C.M.
  5. 52 T.C.M. 310 (1986)
 

SANFORD HOMES, INC. v. COMMISSIONER

Docket No. 8277-83.

52 T.C.M. 310 (1986)

T.C. Memo. 1986-404

Sanford Homes, Inc. v. Commissioner.

United States Tax Court.

Filed August 27, 1986.

Attorney(s) appearing for the Case

Melvin A. Coffee and Michael T. McDonnell, 2121 South Oneida Street, Denver, Colo., for the petitioner. Mark H. Howard, for the respondent.

Memorandum Findings of Fact and Opinion

SHIELDS, Judge:

Respondent determined a deficiency in petitioner's Federal income tax of $580,713.00 for 1979, or alternatively, $294,736.00 for 1980. There are two issues: (1) whether property distributed by a partnership to petitioner's subsidiary1 was held by the partnership for investment or for sale customers; and (2) whether section 7512 applies to distributions...

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