Legal Opinion
Ruml v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided April 6, 1936No. 49PublishedCited by 15 opinions
1Opinion of the Court
CHASE, Circuit Judge.
The Commissioner refused to allow a deduction claimed by the petitioner in 1928 for a loss on the sale of stock. That creat - ed the deficiency. Neither the fact that a deductible loss was sustained nor its amount was disputed. The sole issue is whether the loss was deductible in 1928 as claimed by the petitioner or in 1929 as the Commissioner insisted and the Board of Tax Appeals decided.
In December, 1928, the petitioner owned 4,000 shares of the capital stock of North Central Texas Oil Company which he had purchased in that year, and which were deposited with the…
2Cases cited3 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Weiss v. WeinerSupreme Court of the United States · 1929
- Hoffman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1934
3Cited by15 opinions
- Richardson v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Huntington Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1937
- George W. S. Swenson and Ruth E. Swenson v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1962
- Marie L. Detreville v. United States of America, Marie L. Detreville v. United StatesCourt of Appeals for the Fourth Circuit · 1971
- Swenson v. CommissionerUnited States Tax Court · 1961
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