Boland v. Commissioner

1960 T.C. Memo. 199, 19 T.C.M. 1030, 1960 Tax Ct. Memo LEXIS 92
CourtUnited States Tax Court
DecidedSeptember 27, 1960
DocketDocket No. 81405.
StatusUnpublished

This text of 1960 T.C. Memo. 199 (Boland v. Commissioner) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Boland v. Commissioner, 1960 T.C. Memo. 199, 19 T.C.M. 1030, 1960 Tax Ct. Memo LEXIS 92 (tax 1960).

Opinion

Jesse Lee Boland v. Commissioner.
Boland v. Commissioner
Docket No. 81405.
United States Tax Court
T.C. Memo 1960-199; 1960 Tax Ct. Memo LEXIS 92; 19 T.C.M. (CCH) 1030; T.C.M. (RIA) 60199;
September 27, 1960
W. Jerry Roberts, Esq., for the petitioner. W. Ralph Musgrove, Esq., for the respondent.

TIETJENS

Memorandum Findings of Fact and Opinion

TIETJENS, Judge: The respondent determined deficiencies in income tax of $9,195.89 for the calendar year 1956 and $1,070.16 for the calendar*93 year 1957. The issues presented for decision are: (1) what was the petitioner's basis in certain real property which he sold in 1956, (2) whether the adjusted gross income reported by the petitioner on his 1956 return included rental income, (3) whether the petitioner is entitled to certain of the exemptions claimed for 1956 and 1957, and (4) whether amounts expended in connection with rental property in 1957 were deductible as expenses or should be capitalized.

Findings of Fact

The facts stipulated are incorporated herein by reference.

The petitioner, Jesse Lee Boland, is an individual residing at Richmond, Virginia. He filed separate individual income tax returns for the years 1956 and 1957 with the director of internal revenue at Richmond, Virginia.

Petitioner lectures on astrology using the trade name "Master X" and renders services as an advisor in regard to marriage and family problems. He is also an experienced air pilot. Part of petitioner's income for the years 1956 and 1957 was derived from palm reading and the selling of oils or ointments with which to anoint oneself. He also sold rocks and ornaments, which he selected, to persons whom he felt would be benefited*94 thereby from a psychological or physiological point of view.

In 1956, the petitioner sold a tract of land containing 181 acres, more or less, situated near Glen Allen, Hanover County, Virginia. The property, hereinafter referred to as the Hanover property, was purchased by the petitioner in May 1944, at a cost of $12,522.27. It was sold in May 1956 for $50,000.

The Hanover property was acquired by the petitioner to develop an airport and suburban shopping center. No work was ever begun on the shopping center, but some work was done on the airport. Between 35 and 40 acres of forest land were cleared, graded and leveled in order to install a runway.

In the process of this clearing, grading and leveling, the petitioner purchased numerous pieces of equipment. A tractor to pull stumps was obtained. He purchased from a second-hand dealer in heavy equipment a heavy duty pump, 2 or 3 tractors, a bulldozer, 2 dirt movers, a dirt buggy, a disc plow, a pneumatic saw, a revolving crane, 1 or 2 trailers and a scarifier. Hauling costs were paid to move this equipment to the Hanover property. Also a large road grader was purchased, and a chain saw was acquired. Moneys were expended to repair*95 the equipment and for fuels, gasoline and oil to operate it.

As part of the renovation project a contractor was engaged. He converted a barn into a hangar, repaired the fences and installed a septic system. The electrical system of a stable located on the land was altered, and a roadway on the property was improved.

Petitioner built a second hangar which could accommodate from 3 to 4 planes. The roof of the hangar consisted of sheet metal. Lumber used in the building of the hangar as well as lumber used in the renovation of the house and barn was purchased.

The labor on the project was provided by the petitioner's family and boys from the nearby Hanover Industrial School. The only compensation to these boys was their board while working for the petitioner.

Work progressed to the extent that the cleared area could be utilized as a runway. In 1950, the VirginiaElectric Power Company instituted condemnation proceedings against the petitioner to obtain a right-of-way across the Hanover property for an electric power line. The ensuing litigation resulted in an award of $1,224.50 to the petitioner, from which he paid attorney fees and other costs. The right-of-way was located across*96 the end of the runway, which rendered the runway completely useless and the project for which the land had been acquired was abandoned.

As a result of vandalism occurring in 1955, the records of the purchases and expenditures in connection with the project were lost or destroyed. Because it had deteriorated from heavy use, the equipment became completely inoperative. A few parts of this equipment still remain on the property, but the greater portion was carried away by thieves.

In the summer of 1956 petitioner's daughter, Verdia, and her two children, Lithia and Mario, came to live with the petitioner. He was the sole means of their support for the remainder of 1956 and until February 1957 when they departed. Petitioner's wife also left in February 1957, taking with her their younger daughter, Patricia. At the time of her departure she appropriated some of the petitioner's money.

In 1956, petitioner purchased for $45,000 property on First Street in Richmond, Virginia, hereinafter referred to as the First Street property. It consisted of a building containing 8 storerooms on the first floor and an auditorium on the second floor. He made a $15,000 down payment which was a portion*97 of the proceeds from the sale of the Hanover property.

In October 1956, petitioner was informed by the building inspector for the City of Richmond that a crack had been discovered in the wall on the alley side of the building which was a hazard to any one using the alley and that he should commence work immediately to make the wall safe.

In complying with the order, petitioner had certain work done to restore the building to a safe condition. Steel rods were used to shore up the walls, new beams were inserted under the roof to provide added support and the foundation was reinforced with cinder blocks. Parts of the roof were also repaired.

The petitioner filed a return for 1956 on Form 1040A stating a total income of $3,500.

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Cite This Page — Counsel Stack

Bluebook (online)
1960 T.C. Memo. 199, 19 T.C.M. 1030, 1960 Tax Ct. Memo LEXIS 92, Counsel Stack Legal Research, https://law.counselstack.com/opinion/boland-v-commissioner-tax-1960.