TeLinde v. Comm'r
United States Tax Court
Payments received by petitioner, a physician, for the sale of his first book, held to be long term capital gain, as the proceeds of the sale of a capital asset of which, under the evidence, the holding period commenced on completion and extended more than 6 months until delivery of the manuscript.
1Opinion of the Court
Richard W. TeLinde and Catharine L. TeLinde, Petitioners, v. Commissioner of Internal Revenue, Respondent
TeLinde v. Comm'r
Docket No. 29712
United States Tax Court
1952 U.S. Tax Ct. LEXIS 219; 93 U.S.P.Q. (BNA) 183; 18 T.C. 91;
April 18, 1952, Promulgated
Decision will be entered under Rule 50.
Payments received by petitioner, a physician, for the sale of his first book, held to be long term capital gain, as the proceeds of the sale of a capital asset of which, under the evidence, the holding period commenced on completion and extended more than 6 months until delivery of the manuscript.
Joshua W.…
2Cases cited1 opinion
- TeLinde v. Comm'rUnited States Tax Court · 1952