(1974)
John Deegan and Dorothy S. Deegan, et al. v. Commissioner
This is a tax dispute case involving the investors who acquired the United States distribution rights to the 1974 movie ‘Don’t Open the Window’. Below is a brief breakdown of the distribution expenses related to ‘Don’t Open the Window’:
The United States distribution rights were sold for $1,850,000. The film had earned gross box office receipts of $2,500,000 and AIP had reported $870,142.06 in distribution receipts, and had paid the investors $92,896.80 under their distribution agreement.
Read the full court report below for further information.