CLODFELTER v. COMMISSIONER

Docket No. 1207-65.

48 T.C. 694 (1967)

FLOYD R. CLODFELTER AND ENNA L. CLODFELTER, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 14, 1967.


Attorney(s) appearing for the Case

Warren V. Clodfelter, Roger E. Lageschulte, and Richard F. Krutch, for the petitioners.

Richard H. M. Hickok, for the respondent.


PIERCE, Judge:

The Commissioner determined a deficiency of $219,590.50 in the income tax of the above-named petitioners for their taxable calendar year 1957.

The issues for decision are:

(1) Where during the taxable year the petitioners, acting in accordance with a previously negotiated plan, purchased the lessee interest in the 99-year leasehold of the Waldorf Hotel in Seattle, and then forthwith sold...

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