Magee v. Commissioner
United States Tax Court
1. Held, breeding turkeys sold in 1945 were not property held primarily for sale to customers in the ordinary course of trade or business. 2. Held, section 324 of the Revenue Act of 1951 does not exclude breeding turkeys sold in 1945 from "property used in the trade or business" as defined by section 117, I. R. C.
1Opinion of the Court
Glenn E. Magee, Petitioner, v. Commissioner of Internal Revenue, Respondent. Phyllis M. Magee, Petitioner, v. Commissioner of Internal Revenue, Respondent
Magee v. Commissioner
Docket Nos. 23221, 23222
United States Tax Court
17 T.C. 1583; 1952 U.S. Tax Ct. LEXIS 242;
March 21, 1952, Promulgated
Decisions will be entered under Rule 50.
1. Held, breeding turkeys sold in 1945 were not property held primarily for sale to customers in the ordinary course of trade or business.
2. Held, section 324 of the Revenue Act of 1951 does not exclude breeding turkeys sold in 1945 from "property used in the trade or…
2Cases cited11 opinions
- United States v. Bennett (Two Cases). Finch v. Arnold, Acting Collector of Internal Revenue (Two Cases). Birkbeck v. Thomas. Ritchie v. ThomasCourt of Appeals for the Fifth Circuit · 1951
- Albright v. United StatesCourt of Appeals for the Eighth Circuit · 1949
- Fawn Lake Ranch Co. v. Comm'rUnited States Tax Court · 1949
- Emerson v. CommissionerUnited States Tax Court · 1949
- Fox v. CommissionerUnited States Tax Court · 1951
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