COFFIN v. COMMISSIONER

Docket No. 10017-78.

44 T.C.M. 606 (1982)

T.C. Memo. 1982-426

Ronald C. Coffin and Nancy L. Coffin v. Commissioner.

United States Tax Court.

Filed July 27, 1982.


Attorney(s) appearing for the Case

Jerome F. Goldberg and Harvey R. Fleishman, for the petitioners. Barry J. Laterman, for the respondent.


Memorandum Opinion

RAUM, Judge:

The Commissioner determined income tax deficiencies of $123,218 and $2,334 against petitioners Ronald and Nancy Coffin for 1974 and 1975, respectively. The parties have reached agreement on several issues, leaving for our consideration only the question of whether the gain realized upon a sale of real property in 1974 may be reported on the installment basis under section 453, I...

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