Legal Opinion
Helvering v. Nebraska Bridge Supply & Lumber Co.
Court of Appeals for the Eighth Circuit
Decided November 20, 1940No. 11735PublishedCited by 19 opinions
1Opinion of the Court
SANBORN, Circuit Judge.
The petitioner challenges a determination of the Board of Tax Appeals (40 B.T.A. 40) that respondent, a taxpayer, was entitled to a deduction under § 23(f) of the Revenue Act of 1934 (48 Stat. 688, 26 U.S.C.A. Int.Rev.Acts, page 672) for losses sustained during the taxable year and not compensated for by insurance or otherwise, occasioned by the forfeiture of two tracts of land to the State of Arkansas for nonpayment of taxes.
The contention of the petitioner is that the losses sustained were from sales or exchanges of capital assets, and that therefore the amount of the…
2Cases cited46 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- United States v. Missouri Pacific RailroadSupreme Court of the United States · 1929
- Williamson v. BerrySupreme Court of the United States · 1850
- Fairbanks v. United StatesSupreme Court of the United States · 1939
41 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Affronti v. United StatesCourt of Appeals for the Eighth Circuit · 1944
- Herbert v. RiddellDistrict Court, S.D. California · 1952
- Helvering v. Rebsamen Motors, Inc.Court of Appeals for the Eighth Circuit · 1942
- United States v. Armature Rewinding Co.Court of Appeals for the Eighth Circuit · 1942
- James W. Yarbro and Mary E. Yarbro v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Fifth Circuit · 1984
14 more not listed; retrieve them via the Exa API.