Legal Opinion
Paul W. Trousdale v. Commissioner of Internal Revenue, Marguerite R. Trousdale v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided February 4, 1955No. 13108PublishedCited by 40 opinions
1Opinion of the Court
POPE, Circuit Judge.
Petitioners are husband and wife, residents of California, who filed their income tax returns for the calendar year 1945 on a community property basis. The controversy present here arises out of the claim of Paul W. Trousdale, here called the petitioner, that a sum of $112,-000, realized by him from a purported “assignment” of his interest in a partnership, represented income from the sale of a capital asset. These income tax returns reported the gain mentioned as one from the sale of a capital asset held for a period of more than six months. The respondent Commissioner…
2Cases cited15 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Lucas v. EarlSupreme Court of the United States · 1930
- Helvering v. HorstSupreme Court of the United States · 1940
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Watson v. CommissionerSupreme Court of the United States · 1953
10 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Schmitz v. CommissionerUnited States Tax Court · 1968
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- Cole v. CommissionerCourt of Appeals for the Seventh Circuit · 2011
- Harold Wener v. Commissioner of Internal Revenue, Molly Wener v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1957
- United States v. SnowCourt of Appeals for the Ninth Circuit · 1955
35 more not listed; retrieve them via the Exa API.