Crane v. Commissioner of Internal Revenue

Crane v. Commissioner of Internal Revenue (1947)
the Supreme Court of the United States

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Crane v. Commissioner, 331 U.S. 1 (1947), was a case heard before the United States Supreme Court concerning the value, for tax purposes, of inherited property with a nonrecourse mortgage encumbering it. According to Boris I. Bittker, Crane “laid the foundation stone of most tax shelters.” Warning: template has been deprecated.

901361Crane v. Commissioner of Internal Revenue — Syllabusthe Supreme Court of the United States

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Dissenting Opinion: Jackson

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United States Supreme Court

331 U.S. 1

Crane v. Commissioner of Internal Revenue

Argued: Dec. 11, 1946. --- Decided: April 14, 1947

Mr. Edward S. Bentley of New York City, for petitioner.

Mr. J. Louis Monarch, of Washington, D.C., for respondent.

Mr. Chief Justice VINSON delivered the opinion of the Court.

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This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).

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Crane v. Commissioner of Internal Revenue

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