From our private database of 14,000+ case briefs...
Harry G. Masser v. Commissioner
United States Tax Court
30 T.C. 741 (1958)
Harry G. Masser (plaintiff) ran an interstate trucking business. He purchased two properties located across the street from each other. Masser improved the first property with an office building and used it for loading and unloading trucks. He used the second property to park his trucks. In so doing, Masser used the two properties as one economic unit. Masser sold the parking area once it became subject to the threat of condemnation. The improved property was not under threat of condemnation. However, if Masser had kept the improved property, the closest parking area he could obtain would have been about a mile and half away. The distance would have led to additional expenses for labor, increased risk of accidents or theft, delivery delays, and issues of traffic management. Masser therefore decided in good faith to sell the improved property and use the proceeds from both sales to purchase new property where he could keep an office and parking area nearby each other. It is conceded that the sale of the parking area constitutes an involuntary conversion under § 112(f)(1) of the Internal Revenue Code. Masser claimed that the sale of the improved property also constituted an involuntary conversion.
Rule of Law
Holding and Reasoning (Kern, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 202,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.