¶1concurring: On the sale to Ed Fisher petitioner earned his $3,790 commission when the sale was made and his subsequent buy from Fisher had no effect on that completed transaction, but it did save petitioner from having to refund a part of that commission to Dart and petitioner should now be able to capitalize that saving as a part of his cost in the Fisher properties.
64 T.C. 1085
Williams v. Commissioner
Decided September 25, 1975
United States Tax Court · decided 1975-09-25
Petitioner was a real estate salesman for Dart Industries. He received a commission from Dart Industries for each real estate purchase transaction he arranged between Dart Industries and a purchaser. Held: petitioner may not exclude from gross income the real estate commissions he received from transactions in which he purchased property for his own account. Commissioner v. Daehler, 281 F. 2d 823 (5th Cir. 1960), revg. 31 T.C. 722 (1959), followed.
Good law ✅— No negative treatment on recordhow we know
Decision will be entered for the respondent · Decided 1975-09-25
How this case has been cited
Cited by 13 later decisions — most recently December 2010
4 federal appellate ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
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