Case Name: Appeal of Mrs. D. W. Fish
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-11-09
Citations: 5 B.T.A. 393
Docket Number: Docket No. 6564
Parties: Appeal of Mrs. D. W. Fish.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 5
Pages: 393–395

Head Matter:
Appeal of Mrs. D. W. Fish.
Docket No. 6564.
Decided November 9, 1926.
Louis B. Montfort, Esg., for the petitioner.
John W. Fisher, Esg., for the Commissioner.

Opinion:
OPINION.
Stehnhagen :
We are of opinion from the evidence that the Commissioner correctly held the $16,000 received by petitioner as income to her. It was the proceeds of a sale of whatever she had. There is no evidence of cost or other basis to measure the gain upon which we can find it to be less than the full amount.
There is not the slightest evidence to support petitioner's argument that Jennings intended to or did make a gift to petitioner either of the property or the proceeds. His quitclaim deed to Hazle-wood was a confirmation in Hazlewood of his title. It affected petitioner only by relieving her from a possible lawsuit. She already had the income.
Judgment will be entered for the Commissioner.