Legal Opinion
Fisher v. United States
United States Court of Federal Claims
Decided August 6, 2008No. 04-1726TPublishedCited by 8 opinions
1Opinion of the Court
OPINION
ALLEGRA, Judge.
Since its infancy, the Federal income tax law has provided that gross income includes gains derived from dealings in property and that such gains generally equal the amount realized less the seller’s cost basis in the property sold. Though clear in principle, these rules are not always easily applied— particularly, where the property sold was first acquired, for a lump sum, as part of a larger assemblage, and, especially, where the values of the individual components of that grouping are not readily ascertainable. For generations, courts faced with the scenario…
2Cases cited83 opinions
- United States v. CartwrightSupreme Court of the United States · 1973
- Burnet v. LoganSupreme Court of the United States · 1931
- United States v. DavisSupreme Court of the United States · 1962
- Helvering v. Tex-Penn Oil Co.Supreme Court of the United States · 1937
- Textile Mills Securities Corp. v. CommissionerSupreme Court of the United States · 1941
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3Cited by8 opinions
- Principal Life Insurance Company and Subsidiaries v. United StatesUnited States Court of Federal Claims · 2014
- Cadrecha v. United StatesUnited States Court of Federal Claims · 2012
- Jacquelynn Dorrance v. United StatesCourt of Appeals for the Ninth Circuit · 2015
- Massachusetts Mutual Life Insurance v. United StatesUnited States Court of Federal Claims · 2012
- Illinois Lumber & Material Dealers Ass'n Health Insurance Trust v. United StatesCourt of Appeals for the Eighth Circuit · 2015
3 more not listed; retrieve them via the Exa API.