United States Tax Court September 11, 1962, Docket No. 86922. (Cate v. Commissioner)

Henry F. Cate, Jr., and Carolyn Y. Cate v. Commissioner. Cate v. Commissioner Docket No. 86922. United States Tax Court T.C. Memo 1962-214; 1962 Tax Ct. Memo LEXIS 95; 21 T.C.M. (CCH) 1146; T.C.M. (RIA) 62214; September 11, 1962 *95 Petitioners purchased a home in Duxbury, Massachusetts, in 1953 from Winthrop A. Clarke. Clarke had owned the property since 1950 and had made extensive alterations.