Legal Opinion
F. M. Bistline and Anne Bistline, Husband and Wife v. United States
Court of Appeals for the Ninth Circuit
Decided June 13, 1958No. 15607_1PublishedCited by 4 opinions
1Per curiam
In this case, the familiar question, as to whether profit from real estate transactions is to be treated as capital gain or as ordinary income, is raised.
The trial court made findings as follows:
“F. M. Bistline is an attorney at law. He was admitted to practice in Idaho, in 1920, and has maintained his own law office since 1923. The net income earned from his legal practice in 1946, was $860; in 1947, $934.”
“In 15 separate transactions during 1946, F. M. Bistline sold 34 vacant lots for a net profit of $10,-950.26.”
“In 7 transactions during 1947, F. M. Bistline sold 10 vacant lots and a…
2Cases cited7 opinions
- Richards v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1936
- Stockton Harbor Industrial Company v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1954
- Stephen G. Achong v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1957
- Pool v. CommissionerCourt of Appeals for the Ninth Circuit · 1957
- Beverly B. Bistline v. United StatesCourt of Appeals for the Ninth Circuit · 1958
2 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Robert E. Austin and Marian H. Austin v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1959
- Wassenaar v. CommissionerUnited States Tax Court · 1979
- Los Angeles Extension Company v. United States of America, Security First National Bank v. United StatesCourt of Appeals for the First Circuit · 1963
- Wassenaar v. CommissionerUnited States Tax Court · 1979