Fraser v. Commissioner

Board of Tax Appeals

Fraser v. Commissioner

6 B.T.A. 346, 1927 BTA LEXIS 3537

CourtUnited States Board of Tax Appeals

DecidedFebruary 28, 1927

DocketDocket No. 6495.

StatusPublished

Cited by4 cases

This text of 6 B.T.A. 346 (Fraser v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fraser v. Commissioner, 6 B.T.A. 346, 1927 BTA LEXIS 3537 (bta 1927).

Pincite

Opinion

[347]*347OPINION.

Milliken :

Petitioner seeks to add carrying charges, such as interest and taxes, paid prior to March 1,1913, to the. cost of the property, for the purposes of determining gain or loss on the sale.' We have heretofore ruled on this question adversely to his contention. Appeal of Ottawa Park Realty Co., 5 B. T. A. 474.

■ The deficiencies in question should be. recomputed. The fair market price or value of the property on March 1, 1913, was $19,500 and depreciation on the building value of $1,507.50 should be subtracted from such value for purpose of determining gain resulting from the sale of the property for $21,380.

Judgment will he entered on 15 days’ notice, under Rule 50.

Free access — add to your briefcase to read the full text and ask questions with AI