Crane v. Commissioner of Internal Revenue

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Crane v. Commissioner of Internal Revenue
by the Supreme Court of the United States
Syllabus
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.” — Excerpted from Crane v. Commissioner on Wikipedia, the free encyclopedia.
Court Documents
Opinion of the Court
Dissenting Opinion
Jackson
Wikipedia-logo-v2.svg Wikipedia article

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.

Notes[edit]

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).