Legal Opinion
Crane v. Helvering
Court of Appeals for the Second Circuit
Decided March 11, 1935No. 186PublishedCited by 9 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
Crane, the petitioners’ testator, who died on April 16th, 1930, had owned a parcel of land since before March 1st, 1913, of which he sold a part on May 17th, 1929. He received in payment $10,000 in cash, and a purchase money bond and mortgage for $390,000. The value of the land on March 1, 1913, was $125,000, and he elected .under section 44 (b) of the Revenue Act’of 1928 (26 USCA § 2044 (b), to return his profit upon an installment basis, which the Commissioner allowed. By the time of his death the bond and mortgage had been reduced to $387,000 and its fair market…
2Cases cited6 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Louisville & Nashville Railroad v. FinnSupreme Court of the United States · 1915
- Rusk v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1931
1 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Lawler v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1935
- First Nat. Bank of Greeley, Colo. v. United StatesCourt of Appeals for the Tenth Circuit · 1936
- KIMBRELL'S HOME FURNISH. v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1947
- Waddell v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Fifth Circuit · 1939
- Gump v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1941
4 more not listed; retrieve them via the Exa API.