Estate of Hirsch v. Commissioner
United States Tax Court
Held: Losses in commodity futures trading through a joint venture are deductible when incurred even though funds for margin requirements and to make good the losses were borrowed.
1Opinion of the Court
ESTATE OF ERIC D. HIRSCH, DECEASED, LEAH A. HIRSCH, EXECUTRIX, AND LEAH A. HIRSCH, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Hirsch v. Commissioner
Docket No. 13984-80.
United States Tax Court
T.C. Memo 1983-371; 1983 Tax Ct. Memo LEXIS 418; 46 T.C.M. (CCH) 559; T.C.M. (RIA) 83371;
June 22, 1983.
Held: Losses in commodity futures trading through a joint venture are deductible when incurred even though funds for margin requirements and to make good the losses were borrowed.
Ronald S. Board and Martin H. Aussenberg, for the petitioners.
Isham B. Bradley,Robert B. Nadler and…
2Cases cited14 opinions
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Eckert v. BurnetSupreme Court of the United States · 1931
- Helvering v. PriceSupreme Court of the United States · 1940
- Commissioner of Internal Revenue v. CovingtonCourt of Appeals for the Fifth Circuit · 1941
- Stilwell v. CommissionerUnited States Tax Court · 1966
9 more not listed; retrieve them via the Exa API.