Legal Opinion
Echols v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided August 20, 1932No. 9441PublishedCited by 6 opinions
1Opinion of the Court
KENYON, Circuit Judge.
Petitioner in the year 1924 purchased $5,-500 worth of stock in the Pine Mountain Coal Company. In 1927, .the corporation was liquidated by bankruptcy proceedings. The proceeds of the assets were insufficient to pay the corporation debts, and nothing was distributed to any of the stockholders as-the result of the liquidation. Petitioner in his income tax return for the year 1927 treated this loss as a capital loss, and as be had realized ea-pital gains on sales of stock during that year be sought to deduct said loss from his capital gain instead' of claiming it as an…
2Cases cited17 opinions
- Caminetti v. United StatesSupreme Court of the United States · 1917
- Church of the Holy Trinity v. United StatesSupreme Court of the United States · 1892
- Crooks v. HarrelsonSupreme Court of the United States · 1930
- United States v. KatzSupreme Court of the United States · 1926
- Fleischmann Construction Co. v. United States Ex Rel. ForsbergSupreme Court of the United States · 1926
12 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Piper v. WillcutsCourt of Appeals for the Eighth Circuit · 1933
- Chester N. Weaver Co. v. CommissionerCourt of Appeals for the Ninth Circuit · 1938
- Cravens v. CommissionerCourt of Appeals for the Eighth Circuit · 1932
- Echols v. CommissionerCourt of Appeals for the Eighth Circuit · 1932
- Echols v. CommissionerCourt of Appeals for the Eighth Circuit · 1932
1 more not listed; retrieve them via the Exa API.