PANZER v. COMMISSIONER

Docket No. 3840-73.

34 T.C.M. 1329 (1975)

T.C. Memo. 1975-304

Harold J. Panzer and Mary Lou Panzer v. Commissioner.

United States Tax Court.

Filed October 6, 1975.


Attorney(s) appearing for the Case

Edward E. Hannon, for the petitioners. Robert J. Murray, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

The Commissioner determined deficiencies of $12,661.83 and $13,945.38 in the Federal income tax of petitioners for the taxable years 1969 and 1970, respectively. The issues for decision are:

(1) The fair market value of a medical clinic in Bassett, Nebraska, on December 1, 1968, when it was conveyed by petitioners to a charitable organization;

(2) The fair rental value of the medical clinic...

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