Legal Opinion
Helvering v. Obici
Court of Appeals for the Fourth Circuit
Decided June 6, 1938No. 4304PublishedCited by 2 opinions
1Opinion of the Court
PARKER, Circuit Judge.
This is a petition to review a decision of the Board of Tax Appeals. The facts are undisputed and are as follows: Respondents, husband and wife, acquired a boat, boat house and pier in the year 1925 at a cost of $5,025 for the boat house and pier, and $300 for the boat. In August, 1933, the property was totally destroyed by storm. The property was not used by the *432respondents in a trade or business. The actual value of the property immediately prior to its destruction was $3,905 and it was this amount which tlie respondents originally claimed as a loss in their returns…
2Cases cited14 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Sorrells v. United StatesSupreme Court of the United States · 1932
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
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3Cited by2 opinions
- Helvering v. OwensSupreme Court of the United States · 1939
- United States Ex Rel. Bailey-Lewis-Williams of Florida, Inc. v. Peter Kiewit Sons Co. of Canada Ltd.District Court, District of Columbia · 1961