BOATMAN v. COMMISSIONER OF INTERNAL REVENUE, 32 T.C. 1188 (1959) RALPH A. AND AZALEA BOATMAN, PETITIONERS, v. COMMISSIONER OF INTERNALREVENUE, RESPONDENT. Docket No. 67388.United States Tax Court. Filed September 14, 1959. Petitioner in 1951 entered into an executory contract for the sale of his farm. The selling price was $60,000 with $12,000 payable upon the […]
