Legal Opinion
Osterloh v. Lucas
Court of Appeals for the Ninth Circuit
Decided January 13, 1930No. 5793PublishedCited by 32 opinions
1Opinion of the Court
RUDKIN, Circuit Judge.
This is a petition to review a decision of the Board of Tax Appeals. During the years 1920 and 1921 the petitioner borrowed 5,707 shares of stock of the then value of $36.80 per share, to be used by him as collateral for various bank loans. At the time of borrowing the stock, the petitioner agreed with the lender that he would return the original stock so borrowed, and that if he was unable to do so he would return, in lieu thereof, eash or property in an amount equal to the fair market value of the stock at the date of its receipt, namely, $36.-80 per share. The stock…
2Cited by32 opinions
- Caldwell v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. CaldwellCourt of Appeals for the Second Circuit · 1953
- Magnon v. CommissionerUnited States Tax Court · 1980
- Hart v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1932
- Wilkinson-Beane, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1970
- Martin J. And Margaret M. Zaninovich and Vincent M. And Dorothy F. Zaninovich v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
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