Legal Opinion
Watson v. Commissioner
Supreme Court of the United States
Decided June 15, 1953No. 290PublishedCited by 96 opinions
1Opinion of the CourtJustice Burton
This case relates to a taxpayer who, for several years, held an undivided interest in an orange grove and engaged in the business of growing and selling the oranges it produced. In the midst of the 1944 growing season, she sold her interest in the grove, including an unmatured crop then on the trees. The question before us is whether, for federal income tax purposes, she must treat that part of her profit from the sale which is attributable to the unmatured crop as ordinary income or as a capital gain. For the reasons hereafter stated, she must treat it as ordinary income.
In 1944, Mrs. M.…
2Cases cited8 opinions
- Williams v. McGowanCourt of Appeals for the Second Circuit · 1945
- Watson v. CommissionerUnited States Tax Court · 1950
- Camp Mfg. Co. v. CommissionerUnited States Tax Court · 1944
- Carroll v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1934
- Butler Consol. Coal Co. v. CommissionerUnited States Tax Court · 1946
3 more not listed; retrieve them via the Exa API.
3Cited by96 opinions
- Putnam v. CommissionerSupreme Court of the United States · 1956
- United States v. Midland-Ross Corp.Supreme Court of the United States · 1965
- Commissioner of Internal Revenue v. South Lake Farms, Inc., Commissioner of Internal Revenue v. South Lake FarmsCourt of Appeals for the Ninth Circuit · 1963
- Paul W. Trousdale v. Commissioner of Internal Revenue, Marguerite R. Trousdale v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1955
- Daugherty v. CommissionerUnited States Tax Court · 1982
91 more not listed; retrieve them via the Exa API.