Case detail
Cesarini v. United States
428 F.2d 812 (6th Cir. 1970)
Court
6th Cir.
Date
1970-01-01
Outcome
for-government
Holding
Treasure trove found by a finder is includible in gross income at fair market value in the year the property is reduced to undisputed possession.
Facts
Cesarini purchased a used piano in 1957. In 1964 he discovered cash hidden inside. He included the find in 1964 income but later sought a refund arguing the income arose in 1957 or was nontaxable.
Reasoning
The court applied the broad Glenshaw Glass definition and held that the year of inclusion was the year the taxpayer obtained undisputed possession.
Case metadata
Official opinion
Open official decisionRelated citations
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This entry cites
- StatuteIRC §61
- CaseCommissioner v. Glenshaw Glass Co.
Primary sources
- Justia: Cesarini v. United StatesVerified 2026-05-20
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