Legal Opinion
Henry A. Childs and Carol M. Childs v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided March 18, 1969No. 17422_1PublishedCited by 11 opinions
1Opinion of the Court
OPINION OF THE COURT
GANEY, Circuit Judge.
The question here involved is whether the appellant, Henry A. Childs, who purchased certain shares of stock in Yankee Productions, Inc., hereinafter referred to as “Yankee”, in the years 1960 and 1961, which became worthless in the year 1963, was entitled to a deduction therefor in his return as a capital loss, or whether it was to be treated as ordinary income. The Tax Court held that the deduction should be treated as a capital loss.
Jurisdiction of this court is invoked under Section 7482 of the Internal Revenue Code of 1954, and the appeal involves…
2Cases cited3 opinions
- Sofie Eger v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1968
- Bruce v. United StatesDistrict Court, S.D. Texas · 1967
- Shapiro v. CommissionerUnited States Tax Court · 1966
3Cited by11 opinions
- Malinowski v. CommissionerUnited States Tax Court · 1979
- Pierre Godart and Suzanne Godart v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1970
- John H. Rickey and Lorraine C. Rickey v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1974
- Elmer W. Anderson and Margaret P. Anderson v. United StatesCourt of Appeals for the Tenth Circuit · 1971
- Fox v. CommissionerUnited States Tax Court · 1975
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