Estate of Ferber v. Commissioner
United States Tax Court
Capital Assets. -- Sec. 117 (a) (1), I. R. C. -- Executor Liquidating Furs of a Retail Store. -- Auction and bulk sales of furs made by executors of retail fur dealer were of capital assets and produced capital gains.
1Opinion of the Court
Estate of Jacques Ferber, Deceased, The Pennsylvania Company for Banking and Trusts, Co-Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
Estate of Ferber v. Commissioner
Docket No. 35462
United States Tax Court
22 T.C. 261; 1954 U.S. Tax Ct. LEXIS 214;
May 7, 1954, Filed. May 7, 1954, Filed
Decision will be entered under Rule 50.
Capital Assets. -- Sec. 117 (a) (1), I. R. C. -- Executor Liquidating Furs of a Retail Store. -- Auction and bulk sales of furs made by executors of retail fur dealer were of capital assets and produced capital gains.
John B. Leake, Esq., and Stephen T.…
2Cases cited17 opinions
- Grace Bros. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1949
- Watson v. CommissionerSupreme Court of the United States · 1953
- Williams v. McGowanCourt of Appeals for the Second Circuit · 1945
- Wood v. CommissionerUnited States Tax Court · 1951
- Campbell v. CommissionerUnited States Tax Court · 1945
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