Dean v. Commissioner
United States Court of Appeals for the Third Circuit
187 F.2d 1019 (1951)
Relevant factsFree
Dean (defendant) and his wife, sole shareholders of a corporation for which Dean served as president, transferred their home to the corporation in 1931 but continued living there without paying rent; the Commissioner determined Dean owed income tax on the home's rental value, and the Tax Court agreed.
IssueFree
Whether a taxpayer who resides in property belonging to a corporation of which the taxpayer and his wife are the sole shareholders should include the rental value of the property as gross income.