Supplemental Materials

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1.         Cottage Savings Assn. v. Commissioner, U.S. (1991)

2.         Seas Shipping Co. v. United States, 371 F.2d 528 (2d Cir. 1967)

3.         Problem 1

4.         Montelepre Systemed, Inc. v. Commissioner, 956 F.2d 496 (5th Cir. 1992)

5.         Problem 2

6.         Problem 3

7.         Hunley v. Commissioner, 25 T.C.M. 355 (1966)

8.         Illustration of part gift, part sale: Excerpt from Kahn, Federal Income Tax (1990)

9.         Problem 4

10.       Problem 5

11.       Problem 6

12.       Rev. Rul. 87-112, 1987-2 C.B. 207

13.       Balding v. Commissioner, 98 T.C. 368 (1992)

14.       Problem 7

15.       Inaja Land Co. Ltd. v. Commissioner, 9 T.C. 727 (1947)

16.       Woodsam Associates v. Commissioner, 198 F.2d 357 (2d Cir.1952)

17.       Rev. Rul. 77-413, 1977-2 C.B. 298

18.       Rev. Rul. 68-431, 1968-2 C.B. 99

19.       Arkin v. Commissioner, 76 T.C. 1048 (1981)

20.       Freeland v. Commissioner, 74 T.C. 970 (1980)

21.       Jordan Marsh Co. v. Commissioner, 269 F.2d 453 (2d Cir. 1959)

22.       Kwiat v. Commissioner, 64 T.C.M. 327 (1992)

23.       McCoy v. Commissioner, 38 T.C. 841 (1962)

24.       Mayerson v. Commissioner, 47 T.C. 340 (1966) (acq.)

25.       Albany Car Wheel Co. v. Commissioner, 40 T.C. 831 (1963), aff’d per curiam 333 F.2d 653(2d Cir. 1964)

26.       Estate of Franklin v. Commissioner, 544 F.2d 1045 (9th Cir. 1976)

27.       Waddell v. Commissioner, 86 TC 848 (1986)

28.       The Real Estate Leaseback Transaction

29.       Rev. Rul 82-122, 1982-1 C.B. 80

30.       Frane Estate v. Commissioner, 98 T.C. No. 26 (1992)

31.       Professional Equities, Inc. v. Commissioner, 89 T.C. 165 (1987)

32.       Wrap-around Mortgage Material

33.       The Circle K Corporation v. United States, 91-2 U.S.T.C. pars. 50, 382, 50, 383 (1991).

34.       Federal National Mortgage Ass’n v. Commissioner, 100 T.C. No. 36 (1993)

35.       Diedrich v. Comissioner, 457 US 191 (1982)

36.       International Shoe Machine Corp. v. United States, 491 F.2d 157 (1st Cir. 1974)

37.       Magneson v. Commissioner, 753 F.2d 1490 (9th Cir 1985)

38.       Excerpt from Bishop and Brooks, Federal Partnership Taxation (1988)

39.       Like Kind Exchange Handout

40.       Hold onto Loss Deductions by Avoiding Wash-Sale Rules

41.       Depreciation Update

42.       Corn Products Refining Co. v. Commissioner, 350 U.S. 46.

43.       Arkansas Best Corp. v. Commissioner, 485 U.S. 212.