Legal Opinion
Charles W. Steadman and Dorothy F. Steadman v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided April 10, 1970No. 19486PublishedCited by 57 opinions
1Opinion of the Court
O’SULLIVAN, Senior Circuit Judge.
This is an appeal by the Commissioner of Internal Revenue from a decision of the Tax Court reported as Charles W. Steadman, 50 T.C. 369 (1968). Therein the Tax Court held valid the taxpayers’ claim of an ordinary loss deduction for the year 1962, in the amount of $80,000, being taxpayers’ purchase price for shares of corporate stock which became worthless in the year 1962. The Commissioner contends here, as he did in the Tax Court, first that the loss did not occur in the year 1962; and second, that the loss was a capital loss which could not be deducted from…
2Cases cited20 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Boehm v. CommissionerSupreme Court of the United States · 1945
- Helvering v. RankinSupreme Court of the United States · 1935
15 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- Arkansas Best Corp. v. CommissionerSupreme Court of the United States · 1988
- W. W. Windle Company v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1977
- W. W. Windle Co. v. CommissionerUnited States Tax Court · 1976
- Cozzi v. CommissionerUnited States Tax Court · 1987
- Hoover Co. v. CommissionerUnited States Tax Court · 1979
52 more not listed; retrieve them via the Exa API.