Legal Opinion
Beck v. Commissioner of Internal Revenue (Two Cases)
Court of Appeals for the Seventh Circuit
Decided February 6, 1950No. 9976, 9977PublishedCited by 12 opinions
1Opinion of the Court
KERNER, Circuit Judge.
This appeal involves taxpayers’ income tax liabilities for the year 1943. In their returns taxpayers, under “Net gain (or loss),” each claimed a loss of $14,950 or one-half of $29,900 on the sale of certain unimproved real estate acquired in 1937. The Commissioner asserted that the loss was a long-term capital loss, allowed each taxpayer a loss of $7,475, and made a deficiency assessment. The Tax Court sustained the Commissioner. The sole question is whether the Tax Court erred in holding that the loss suffered in the sale of the real estate was a long-term capital loss…
2Cases cited15 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Higgins v. CommissionerSupreme Court of the United States · 1941
- Snell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Fahs v. CrawfordCourt of Appeals for the Fifth Circuit · 1947
10 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Howard B. Quinn and Charlotte J. Quinn v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1975
- Groetzinger v. CommissionerUnited States Tax Court · 1984
- Polakis v. CommissionerUnited States Tax Court · 1988
- R. H. Oswald Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1950
- Simonsen Industries, Inc., Edward H. Simonsen and Ethel G. Simonsen v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1957
7 more not listed; retrieve them via the Exa API.