Legal Opinion
Nelson v. United States
Court of Appeals for the Eighth Circuit
Decided October 30, 1942No. 12281PublishedCited by 11 opinions
1Opinion of the Court
RIDDICK, Circuit Judge.
The question presented on this appeal is whether the appellant taxpayers are entitled, under § 23 (e) (2) of the Revenue Act of 1934, 48 Stat. 680, c. 277, 26 U.S.C.A. Int.Rev.Acts, page 672, to a deduction from their joint gross income tax for the taxable year 1935 for a claimed loss due to worthlessness of shares of common, stock owned by one of the taxpayers. By the section of the Revenue Act involved here, deductions by individuals from gross income are allowed for losses sustained during the taxable year and, by treasury regulations promulgated under the act, it is…
2Cases cited11 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Dresser v. United StatesUnited States Court of Claims · 1932
- Mahler v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Iowa Bridge Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1930
- Jones v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1939
6 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Robert S. Davis v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Robert S. DavisCourt of Appeals for the Seventh Circuit · 1957
- Clark v. WelchCourt of Appeals for the First Circuit · 1944
- Woodward v. United StatesDistrict Court, N.D. Iowa · 1952
- Green v. CommissionerCourt of Appeals for the Tenth Circuit · 1943
- Frazier v. CommissionerUnited States Tax Court · 1975
6 more not listed; retrieve them via the Exa API.