Legal Opinion
Meyer v. United States
Court of Appeals for the Seventh Circuit
Decided May 18, 1954No. 10924_1PublishedCited by 31 opinions
1Opinion of the Court
FINNEGAN, Circuit Judge.
Plaintiff taxpayer sold his interest in a partnership, conducted with two other men in Milwaukee, Wisconsin, under written articles of partnership. Taxpayer transferred that interest to the wife of one of his partners, receiving in payment thereof her cheek, equivalent to taxpayer’s original capital contribution plus his share of accumulated unwith-drawn partnership profits, credited to his capital account. On the facts, hereinafter detailed, we are asked to decide if capital gains treatment should be accorded to the entire payment received by this taxpayer.
Dismissal…
2Cases cited3 opinions
- Watson v. CommissionerSupreme Court of the United States · 1953
- Williams v. McGowanCourt of Appeals for the Second Circuit · 1945
- Swiren v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1950
3Cited by31 opinions
- Muldrow v. CommissionerUnited States Tax Court · 1962
- James M. Tunnell, Jr., and Mildred S. Tunnell v. United StatesCourt of Appeals for the Third Circuit · 1958
- Paul W. Trousdale v. Commissioner of Internal Revenue, Marguerite R. Trousdale v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1955
- United States v. SnowCourt of Appeals for the Ninth Circuit · 1955
- Victor Leff and Mary Leff, Husband and Wife v. Commissioner of Internal Revenue, George Sindeband v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1956
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