T.C. Memo. 1998-107
UNITED STATES TAX COURT
DAVID A. AND MARILYN P. KNIGHT, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 16522-96. Filed March 16, 1998.
David A. and Marilyn P. Knight, pro sese.
John J. Lancaster, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
JACOBS, Judge: Respondent determined a $27,412 deficiency in
petitioners' 1993 Federal income tax. The sole issue for decision
is whether petitioners may defer recognition of gain realized on
the sale of two residential rental properties pursuant to section
1031(a).
Unless otherwise indicated, all section references are to the
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