BLACKSTONE REALTY COMPANY, INC. v. COMMISSIONER

Docket No. 5060-63.

25 T.C.M. 826 (1966)

T.C. Memo. 1966-156

Blackstone Realty Company, Inc. v. Commissioner.

United States Tax Court.

Filed June 30, 1966.


Attorney(s) appearing for the Case

Roland J. Mestayer, Jr., and Vincent F. Kilborn, for petitioner. Robert G. Faircloth, for respondent.


Memorandum Findings of Fact and Opinion

ATKINS, Judge:

The respondent determined an income tax deficiency for the taxable year ended May 31, 1961, in the amount of $43,684.93. The parties having reached agreement as to some of the issues and the petitioner having abandoned others, the only issue remaining for decision is whether the petitioner is entitled to report the gain derived from the sale of a leasehold upon the installment method.

Findings...

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