United States Tax Court March 22, 1972, Docket Nos. 2255-66, 2256-66, 2257-66, 1718-67. (May v. Commissioner)

Marvin M. May and Lorraine May v. Commissioner. May v. Commissioner Docket Nos. 2255-66, 2256-66, 2257-66, 1718-67. United States Tax Court T.C. Memo 1972-70; 1972 Tax Ct. Memo LEXIS 186; 31 T.C.M. (CCH) 279; T.C.M. (RIA) 72070; March 22, 1972, Filed *186 T entered into an arrangement in which he purported to purchase 13 television film episodes for an alleged purchase price of $365,000.