MORRISON v. COMMISSIONER

Docket No. 2491-74.

71 T.C. 683 (1979)

JAMES H. MORRISON AND MARJORIE A. MORRISON, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed January 29, 1979.


Attorney(s) appearing for the Case

Theodore L. Jones, Gregory A. Pletsch, and David Irvin Couvillion, for the petitioners.

Robert E. Glanville, for the respondent.


WILBUR, Judge:

Respondent determined deficiencies in petitioners' Federal income taxes for the years 1970, 1971, and 1972 in the amounts of $6,397.72, $32.84, and $2,010.51, respectively. Due to concessions made by the parties, the only issue remaining for decision is whether petitioners have established a basis for Federal income tax purposes in property donated to a university, thereby entitling them to a charitable contribution deduction under section 170...

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