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and 402; Hellermann v. Commissioner, supra at 1363; secs. 1.72,
1.401, and 1.402, Income Tax Regs. Accordingly, we hold that
petitioner may not adjust the basis in his retirement annuity to
account for inflation for purposes of calculating the amount of
his pension annuity subject to Federal income tax.
Decision will be entered for
respondent.
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Last modified: May 25, 2011