Legal Opinion
Robert A. Riddell v. Leon W. Scales
Court of Appeals for the Ninth Circuit
Decided January 22, 1969No. 22018_1PublishedCited by 18 opinions
1Opinion of the Court
HUFSTEDLER, Circuit Judge:
The taxpayers in these six consolidated actions obtained summary judgment in the District Court upholding their contentions that (1) gain derived from payment of two promissory notes held in trust for their benefit was taxable as capital gain, not ordinary income, and (2) gain derived from their profit interest in joint venture real estate was likewise taxable as capital gain, not ordinary income. The Government appeals. 1
The pertinent facts are not in dispute. On April 9, 1953, Kearney Park Development Corp. (“Kearney Park”) contracted to buy certain unimproved…
2Cases cited10 opinions
- Fairbanks v. United StatesSupreme Court of the United States · 1939
- Raymond Bauschard v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1960
- Lee v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1941
- Earl A. Phillips and Dorothy M. Phillips v. William E. Frank, District Director of Internal RevenueCourt of Appeals for the Ninth Circuit · 1961
- Commissioner of Internal Revenue v. Claire Louise Williams, Harold G. Williams v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
5 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- E.A. Brannen and Frances K. Brannen v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1984
- Green v. Comm'rUnited States Tax Court · 1984
- Podell v. CommissionerUnited States Tax Court · 1970
- National-Standard Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1984
- Adam v. CommissionerUnited States Tax Court · 1973
13 more not listed; retrieve them via the Exa API.