Robertson v. Commissioner

Board of Tax Appeals

Robertson v. Commissioner

5 B.T.A. 748, 1926 BTA LEXIS 2794

CourtUnited States Board of Tax Appeals

DecidedDecember 8, 1926

DocketDocket No. 5436.

StatusPublished

Cited by1 cases

This text of 5 B.T.A. 748 (Robertson 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

Robertson v. Commissioner, 5 B.T.A. 748, 1926 BTA LEXIS 2794 (bta 1926).

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Opinion

[749]*749OPINION.

Trammell:

From a consideration of the evidence, we are of the opinion that the difference of $8,000 between the amount paid by the petitioner for the 80 acres of land and the fair market value of the [750]*750land represents a gift. The gain on the sale, therefore, should be based on the fair market value of the land when acquired by the petitioner, instead of on the cost.

Judgment will be entered for the petitioner.

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[749]*749OPINION.

Trammell:

From a consideration of the evidence, we are of the opinion that the difference of $8,000 between the amount paid by the petitioner for the 80 acres of land and the fair market value of the [750]*750land represents a gift. The gain on the sale, therefore, should be based on the fair market value of the land when acquired by the petitioner, instead of on the cost.

Judgment will be entered for the petitioner.

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Bluebook (online)

5 B.T.A. 748, 1926 BTA LEXIS 2794, Counsel Stack Legal Research, https://law.counselstack.com/opinion/robertson-v-commissioner-bta-1926.

Opinion

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