Legal Opinion
Stokes v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided November 28, 1941No. 7598-7601PublishedCited by 14 opinions
1Opinion of the Court
GOODRICH, Circuit Judge.
■ . These cases-,• ¡ c'onsolidated • for review in •this -court, involve the question’ whether -a loss'.on-the-disposition of a capital asset was an ordinary loss or a capital loss subject to the .limitations of § 117(d) of the Revenue Act of' 1,934, 26' U.S.C.A. Int. Rev.Acts, .page 708.'
" In 19,27 the taxpayers, together with two other persons,.-purchased certain' real estate ,in. Philadelphia, subject to a $500,000 mortgage,, and took, title in .the name of a .straw man. Part of the "purchase price was paid by giving a Second mortgage for $250,000 on the property.--…
2Cases cited11 opinions
- Helvering v. HammelSupreme Court of the United States · 1941
- Helvering v. William Flaccus Oak Leather Co.Supreme Court of the United States · 1941
- Electro-Chemical Engraving Co. v. CommissionerSupreme Court of the United States · 1941
- McClain v. CommissionerSupreme Court of the United States · 1941
- Helvering v. Nebraska Bridge Supply & Lumber Co.Supreme Court of the United States · 1941
6 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Fox v. CommissionerUnited States Tax Court · 1974
- Parker v. DelaneyCourt of Appeals for the First Circuit · 1950
- Freeland v. CommissionerUnited States Tax Court · 1980
- Commissioner of Internal Revenue v. CraneCourt of Appeals for the Second Circuit · 1946
- Commissioner of Internal Revenue v. GreenCourt of Appeals for the Third Circuit · 1942
9 more not listed; retrieve them via the Exa API.