Legal Opinion
Biedenharn Realty Company, Inc. v. United States
Court of Appeals for the Fifth Circuit
Decided May 12, 1975No. 73--3690PublishedCited by 5 opinions
1Opinion of the Court
GEE, Circuit Judge:
Once more we are called on to characterize profit from sales of subdivision lots as ordinary income or capital gain. The facts, pre-eminent in these cases,1 are detailed in the careful opinion below2 and we set out only a précis of them.
Taxpayer is a' family investment corporation organized by the paterfamilias in 1923 for advantages of scale and unity. Among its holdings are bottling plants, a shopping center, miscellaneous commercial and residential rent properties, several going businesses, a portfolio of stocks and bonds, two farms, and Hardtimes Plantation. This last,…
2Cases cited9 opinions
- United States v. Ada Belle Winthrop, Individually and as Under the Will of Guy L. Winthrop, DeceasedCourt of Appeals for the Fifth Circuit · 1969
- Fritz Thompson and Dora M. Thompson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1963
- Consolidated Naval Stores Company v. John L. Fahs, Collector of Internal Revenue in the State of FloridaCourt of Appeals for the Fifth Circuit · 1955
- Robert Thomas and Susan B. Thomas v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- Estate of Luke J. Barrios, Deceased and Sallie F. Barrios, Surviving Wife v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
4 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Biedenharn Realty Co. v. United StatesCourt of Appeals for the Fifth Circuit · 1976
- Byram v. United StatesCourt of Appeals for the Fifth Circuit · 1983
- Magno v. CorrosDistrict Court, D. South Carolina · 1977
- Biedenharn Realty Co. v. United StatesCourt of Appeals for the Fifth Circuit · 1976
- Biedenharn Realty Company, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1975