Legal Opinion
James Alderson, Surviving Husband and Estate of Clarissa E. Alderson, Deceased, James Alderson v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided May 22, 1963No. 18221PublishedCited by 56 opinions
1Opinion of the Court
CRARY, District Judge.
Petitioners seek review of the decision of the Tax Court, entered May 8, 1962, determining a deficiency in income tax for the taxable year 1957 in the amount of $39,530.58.
The question presented is whether the transactions whereby taxpayers transferred one parcel of realty and acquired another constituted a sale, the gain from which is recognizable under Section 1002 1 of the Internal Revenue Code of 1954, or a non-taxable exchange within the meaning of Section 1031 2 of said Code.
On May 21, 1957, following negotiations between petitioners and Alloy Die Casting Company,…
2Cases cited4 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Ray H. Schulz and Doris L. Schulz v. Commissioner of Internal Revenue, John W. Schulz and Lucille Schulz v. Commissioner of Internal Revenue, Melvin F. Klagues and Pauline Klagues v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Stanley C. Landen and Victoria M. LandenCourt of Appeals for the Ninth Circuit · 1961
- Mercantile Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1935
3Cited by56 opinions
- T. J. Starker v. United StatesCourt of Appeals for the Ninth Circuit · 1979
- June Pinson Carlton and Charles T. Carlton, as Administrators of the Estate of Thad H. Carlton, and June Carlton v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Woodbury v. CommissionerUnited States Tax Court · 1967
- Biggs v. CommissionerUnited States Tax Court · 1978
- Coastal Terminals, Inc. v. United StatesCourt of Appeals for the Fourth Circuit · 1963
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