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sold). Indeed, the payments served only to increase the value of
the Lakewood home, which benefit inured exclusively to petitioner
as the sole owner. See Stiles v. Commissioner, T.C. Memo. 1981-
711.
Under the facts and circumstances of this case, we conclude
that the mortgage payments do not constitute alimony.
Accordingly, we sustain respondent’s determination.
Conclusion
Reviewed and adopted as the report of the Small Tax Case
Division.
To reflect our disposition of the disputed issue, as well as
petitioner’s concession, see supra note 2,
Decisions will be entered
for respondent.
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Last modified: May 25, 2011