Legal Opinion
Stock Yards Nat. Bank v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided February 18, 1946No. 13085PublishedCited by 13 opinions
1Opinion of the Court
RIDDICK, Circuit Judge.
In its income tax report for the year 1939 petitioner claimed a loss of $16,155.16 on the sale of two farms, referred to in the record as the Stebbens farm and the McBride farm. It computed the loss claimed by assigning to the Stebbens farm a cost of $14,864.66 and to the McBride farm a cost of $2,600, and by deducting from this cost basis the amounts received on sales of the farms in 1939. The amounts received at these sales were $100 for the Stebbens farm anti $1,209.50 for the McBride farm.
Respondent denied the loss claimed by petitioner, and in his notice of…
2Cases cited17 opinions
- Hormel v. HelveringSupreme Court of the United States · 1941
- Helvering v. TaylorSupreme Court of the United States · 1935
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Burnet v. HoustonSupreme Court of the United States · 1931
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
12 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Durkee v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1947
- United States v. George Howard Hall and Ruth HallCourt of Appeals for the Eighth Circuit · 1968
- Campbell County State Bank, Incorporated, of Herreid, South Dakota v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Charles E. Oates and Chaytor Oates v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Union Electric Co. v. Commissioner of Internal Rev.Court of Appeals for the Eighth Circuit · 1949
8 more not listed; retrieve them via the Exa API.