Legal Opinion
Dye v. United States
Court of Appeals for the Tenth Circuit
Decided August 8, 1997No. 96-3055PublishedCited by 29 opinions
1Opinion of the Court
EBEL, Circuit Judge.
Dining the 1980s, Dorothy Dye lost over $850,000 because of various improprieties committed by her stockbroker. When Dye became aware of these improprieties, she sued. In 1989, the stockbroker’s former employers settled Dye’s lawsuit for $572,905.97, of which $207,617.37 went to Dye’s attorneys. On her 1989 tax return, Dye sought to characterize the settlement proceeds as a “long-term capital gain,” and the attorneys’ fees as a “capital expenditure.” Dye reduced her total tax liability for 1989 by applying the “capital expenditure” against the settlement proceeds.
The IRS…
2Cases cited34 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- United States v. JanisSupreme Court of the United States · 1976
- Helvering v. TaylorSupreme Court of the United States · 1935
- United States v. GilmoreSupreme Court of the United States · 1963
- Lewis v. ReynoldsSupreme Court of the United States · 1932
29 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Bancoklahoma Mortgage Corp. v. Capital Title Co.Court of Appeals for the Tenth Circuit · 1999
- Alpenglow Botanicals, LLC v. United StatesCourt of Appeals for the Tenth Circuit · 2018
- Croy v. Cobe Laboratories, Inc.Court of Appeals for the Tenth Circuit · 2003
- Kleinfeldt v. Russell (In Re Kleinfeldt)Bankruptcy Appellate Panel of the Tenth Circuit · 2002
- Ahrens v. Ford Motor CompanyCourt of Appeals for the Tenth Circuit · 2003
24 more not listed; retrieve them via the Exa API.